Impact of US Tariffs on Indian Rubber Exports

The recent imposition of a 26% import tariff by the US on Indian rubber goods has placed Indian exporters at a significant disadvantage compared to competitors from Vietnam and Turkey. This move has led to US buyers requesting Indian exporters to halt production temporarily, as they focus on clearing existing stock.

Domino Effect on Tyre Exports

The rubber industry's challenges are expected to have a domino effect on tyre exports, given that natural rubber is a key component in tyre manufacturing. Indian tyre manufacturers are now exploring ways to diversify their export destinations to mitigate the impact.

Seeking Fair Trade Practices

Industry leaders, including the All India Rubber Industries Association (AIRIA) and the Automotive Tyre Manufacturers Association (ATMA), are calling for dialogue and cooperation to address these trade disparities. They emphasize the importance of fair trade practices and a level playing field for all stakeholders.