The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry's operating profits.
The investors in the upcoming week will closely monitor key economic data, geopolitical tensions, foreign institutional investor (FII) moves and discussions around the new trade agreement between the US and its trade partners.
Facing US tariffs and rising risks in China, more than 25 per cent of Taiwanese businesses operating in China are considering ending their operations, while 50 per cent plan to expand investments into non-Chinese supply chains, according to the Straits Exchange Foundation.
The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.
"India did not have good trade relations with Pakistan in any case. Pakistan denied India India Most Favoured Nation (MFN) status, and we imposed a 200 per cent tariff... So it's not great looking into the numbers in comparison to India's overall export of USD 800 billion," Sahai said.
Mumbai (Maharashtra) [India], April 25: While President Trump's 90-day tariff pause has come as a welcome respite for volatile equity markets, the fact that there continues to be policy uncertainty will mean that business investment is likely to be sluggish in the near-future. This increa
Exporters eyeing new opportunities in the U.S. market amid high tariffs of up to 245 per cent on China must proceed with caution, warns a new report by the Global Trade Research Initiative (GTRI).
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade wars following the reciprocal tariffs announced by the US.
April sees unprecedented growth of new export orders buoyed by the 90-day pause in the implementation of tariffs imposed by the Trump administration, HSBC Flash India PMI said.
The U.S. Trade Representative (USTR) has said that the ongoing engagement between India and the United States for a bilateral trade agreement (BTA) could create new opportunities for workers, farmers, and entrepreneurs in both countries.
India's ties with the United States are multi-dimensional and will only deepen, former Indian Ambassador to the US Taranjit Singh Sandhu has said, noting that India has a great opportunity to be a reliable partner in the supply chains.
US Vice President JD Vance met Prime Minister Narendra Modi on Monday, and the two leaders welcomed the progress in the negotiations for a US-India Bilateral Trade Agreement (BTA).