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India Business · economictimes.indiatimes.com · Thursday, 9 July 2026

US manufacturers warn extra tariffs could raise their own costs

Intel, IBM, Dell, Honeywell Aerospace, Ford, GE Appliances and De Beers told the USTR that the proposed 10‑12.5% tariffs on 60 import‑dependent economies, including India, would raise U.S. manufacturing costs and undercut the administration’s goal of expanding domestic production. They argue the duties would make U.S. factories more expensive than overseas alternatives, risking supply‑chain delays and higher consumer prices.

Read the source: economictimes.indiatimes.com ↗In the 9 July issue →