India’s motorcycle manufacturers would not take a major hit on account of US President Donald Trump’s call on a “reciprocal tax” for “thousands and thousands” of motorcycles exported from India to the US. In 2016-17, India exported 2,440 motorcycles, worth $6 million, to the US. And till the April-November period in 2017-18, it was at 4,480, worth $11.5 million. This is just 0.4 per cent of domestic motorcycle exports. The Indian steel industry is unperturbed by Trump’s pitch for protectionism, since the value of iron and steel exports to the US is minuscule. In the first eight months of 2017-18, India exported iron and steel, worth $230 million, to the US, as against the $330 million in 2016-17.

(Business Standard)