Tariff relief in US gives Indian auto parts a major export lift
India’s commerce and industry minister Piyush Goyal said on Saturday that around half of India's auto parts exports will be tariff-exempt, while the remainder would see an 18% duty - significantly lower than the 50% tariff on all Indian items imposed by US president Donald Trump last year.
India’s commerce and industry minister Piyush Goyal said on Saturday that around half of India's auto parts exports will be tariff-exempt, while the remainder would see an 18% duty - significantly lower than the 50% tariff on all Indian items imposed by US president Donald Trump last year.
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