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Date: 11/03/2025

Small engg exporters urge govt to cut import tariffs to counter US threat
 
India’s small engineering goods exporters have urged the government to cut import tariffs on some US goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, according to Mr Pankaj Chadha, Chairman of the Engineering Export Promotion Council, which represents more than 10,000 small exporters. The 25% US tariffs on steel and aluminium imports, effective March 12, have raised Indian exporters’ concerns about declining orders and rising costs. Of India’s $20 billion annual engineering goods exports, nearly $7.5 billion worth of shipments could be affected. Lowering tariffs could prompt the Trump administration to offer favourable terms and move forward with a proposed bilateral trade deal. Trump has labelled India a high-tariff country and warned of reciprocal tariffs from early April, as per a report. 
 
Source: Exim News Service: New Delhi, March 10 



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