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Key Points

The recent US tariff hike presents challenges for India's brass export sector, potentially impacting competitiveness. Traders remain optimistic about domestic market opportunities and potential government interventions. The tariff increase from 9% to 59% could significantly affect export dynamics. Despite challenges, India's robust economic growth continues to demonstrate economic resilience.

Key Points: US Tariffs Challenge India's Brass Export Resilience

  • US tariffs rise from 9% to 59% on Indian brass exports
  • Domestic market offers alternative growth opportunities
  • Traders seek government relief package
  • Competitive production costs remain India's advantage
2 min read

US tariffs to have limited impact on India's brass industry: Traders

Indian brass traders assess US tariff impact, highlighting domestic market strength and potential government support strategies

"The US tariff does not pose a threat to the survival of India's brass industry - Lakha Bhai Kaiswala, Brass Trader"

New Delhi, Sep 1

The recent US tariff is not expected to have a major impact on India's brass industry, as traders believe there are sufficient opportunities within the domestic market.

Brass trader Lakha Bhai Kaiswala told IANS that the US accounts for about 8-9 per cent of India's total brass exports. While the tariff will certainly affect the competitiveness of Indian exporters, it is unlikely to significantly disrupt the overall brass sector, he said.

Kaiswala said that factories typically manufacture multiple brass products that are exported to various countries, and therefore, the US tariff does not pose a threat to the survival of India's brass industry.

Kaiswala added that to cushion the impact, the government should consider a relief package similar to those announced during the Covid-19 period, along with schemes to reduce loan interest rates for the industry.

Another trader, Prakash Katarmal, pointed out that before the tariff hike, Indian brass exports to the US faced duties of up to 9 per cent.

This figure has now risen sharply to 59 per cent. He said the higher duty reduces India's competitiveness, as countries like Vietnam and Taiwan face tariffs of only 18-25 per cent.

Although India's production costs remain lower than those of competing nations, the steep US tariffs have made Indian products more expensive in the American market.

Despite these challenges, India's overall economy continues to grow at a robust pace. The country recorded a GDP growth rate of 7.8 per cent in the first quarter of FY26 (April-June), compared with 6.5 per cent in the same period last year.

According to data released by the National Statistical Office (NSO), India's real GDP stood at Rs 47.89 lakh crore in the April-June quarter, up from Rs 44.42 lakh crore a year earlier.

- IANS

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Reader Comments

P
Priya S
While the impact might be limited, 59% tariff is still concerning. Government should definitely provide support packages as suggested. Our small exporters need protection during this transition period.
A
Aman W
This is why we need to reduce dependency on any single market. Diversification is key! Also great to see our GDP growth at 7.8% - shows our economy can handle these challenges 💪
Siddharth J
The tariff disparity with Vietnam and Taiwan is unfair. Our government should negotiate better trade terms. Meanwhile, focus on quality improvement to justify premium pricing.
N
Nisha Z
Time to explore African and Latin American markets! Every challenge brings new opportunities. Our brass industry has survived tougher times than this.
K
Karthik V
While I appreciate the positive outlook, let's not underestimate the impact on small exporters. 8-9% of exports might seem small, but for many businesses, it's their entire US market gone. Government support is crucial.

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