
NEW DELHI : India’s small engineering goods exporters have urged the government to cut import tariffs on some U.S. goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, the head of an industry body said. The 25% U.S. 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,” said Pankaj Chadha, Chairman of the . . .
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