Industry Body Awaits Clarity on Auto Component Tariff List
New Delhi, April 3 – The Automotive Component Manufacturers Association of India (ACMA) expressed optimism on Thursday that ongoing bilateral trade discussions between India and the United States will help ease the impact of fresh tariff orders issued by former US President Donald Trump.Trump’s new announcement, made under the ‘Liberation Day’ initiative, comes after his March 26, 2025, directive that imposed 25% tariffs under Section 232 on a range of imports, including autos, auto parts, steel, and aluminium. However, ACMA noted that these items are not part of the latest tariff list announced Wednesday.
“The detailed list of auto components that will be subject to 25 per cent import tariff in the US is, however, awaited,” said Shradha Suri Marwah, ACMA President and Chairperson and Managing Director of Subros Ltd.
ACMA Urges Balanced Trade Resolution
Marwah acknowledged the United States’ objective of promoting domestic manufacturing and correcting trade imbalances, stating that ACMA understands the rationale behind such moves.She added that the deep-rooted trade relationship between India and the US, particularly in the auto components sector, should act as a catalyst for continued engagement and mutual understanding.“ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and US governments will lead to a balanced resolution that benefits both economies,” she said.
Commitment to Industry Stakeholders
Reiterating ACMA’s role as a key industry body, Marwah emphasized its commitment to protecting and advancing the long-term interests of the Indian auto component industry.ACMA is actively engaging with relevant stakeholders to ensure minimal disruption and foster resilience across the sector.“We believe that the strong trade relationship between India and the United States... will encourage continued dialogue to mitigate the impacts of these measures,” she concluded.
