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Indian exporters of automobile parts are bracing for bad news from America, where President Donald Trump is threatening to raise import duties significantly on their products.
Last Friday, he had directed his commerce department to probe a burgeoning in the import of automobiles and components. The inquiry is to establish if these are threatening the domestic industry’s health and ability to research and develop new technologies, the US Department of Commerce said on Wednesday.
The Automotive Component Manufacturers Association of India (ACMA) says export of Indian auto parts are projected at $2.7 billion (Rs 183 billion) in 2017-18. It was
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