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Date: 07/04/2025

Engg exports seen impacted by Trump tariff
 
The Trump administration’s imposition of a 26% reciprocal tariff would take a heavy toll on shipments of engineering goods to the US and the impact will be felt across segments, according to the Engineering Export Promotion Council (EEPC). India’s annual exports to the US are worth around $20 bn. The realignment of tariffs is expected to result in a reduction of around 20-25% in exports in the first year. The exact impact, however, cannot be determined at present, as it will depend on the American market’s ability to absorb these duties, said a report.
 
Source: Exim News Service: New Delhi, April 6 



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