New US Tariffs Create Uncertainty for Indian Textile, Auto Exporters

• Indian textile and auto ancillary exporters face unpredictability due to newly adjusted US tariffs.
• Pearl Global MD Pallab Banerjee states new 15% Section 122 tariff adds to existing MFN duty for textiles, totaling around 30%.
• Ramkrishna Forgings MD Naresh Jalan notes auto components fall under Section 232 with a 25% tariff.
• The 15% Section 122 tariff applies to cotton apparel exports from India, Bangladesh, Vietnam, and Indonesia, creating a temporary level playing field.
• Stronger US demand and emission norm changes might cushion the immediate impact for auto components, but tariff refunds face legal challenges.