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US tariffs unlikely to have any material impact on India's passenger vehicle exports: ICRA
Trump announced a slew of tariffs on major trading partners on Wednesday spanning across different sectors. Countries like Cambodia, Vietnam witnessed high tariff rates of up to 49%, whereas the UK and Brazil saw 10% rates. Countries like Canada, Mexico and Russia were exempted from the list, which already carried multiple sanctions and tariffs.
Trump announced a slew of tariffs on major trading partners on Wednesday spanning across different sectors. Countries like Cambodia, Vietnam witnessed high tariff rates of up to 49%, whereas the UK and Brazil saw 10% rates. Countries like Canada, Mexico and Russia were exempted from the list, which already carried multiple sanctions and tariffs.
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