US tariffs not to have any material impact on India's PV exports: ICRA

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US tariffs not to have any material impact on India's PV exports: ICRA - Business Standard

Quick Summary:

On March 12, a 25 per cent tariff was imposed on all aluminium and steel imports into the US.

Measures to improve value addition, diversification into non-auto segments and cost-optimisation strategies are also being worked upon to reduce the potential impact on margins, Krishnamurthy stated.

Nevertheless, he said, with higher tariffs being levied on other competing nations as well, this could also create long-term opportunities for the exporters.