“You can count on the US President Donald Trump… to find ways to increase his tariffs,” Kampani said, adding that the US administration may continue exploring legal routes to raise duties again.
He said investors should prepare for continued swings in markets as tariff policies evolve. According to him, the 150-day window provides time for further policy adjustments.
“The market should be prepared… you will see volatility, you will see uncertainty,” he said, noting that the current tariff level may not represent an outcome.
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He added that intervention by the US Supreme Court shows internal policy debate within the United States, but the longer-term direction remains unclear.
Sanjay Kirloskar, Chairman of Kirloskar Brothers, said the lower tariff level could support trade flows.
“I think it’s a welcome step that it’s now only 10%,” he said, adding that the move may help improve trade between countries after a period of disruption.
He noted that earlier tariff proposals had created volatility across markets and supply chains, and the latest announcement could bring some stability if policy direction remains consistent.
Kirloskar said the Indian industry has already dealt with higher tariff pressures earlier and adapted without major disruption.
He pointed out that his company continued sales even when facing tariffs as high as 60%, supported by local manufacturing and value addition in the US market.
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He also said labour-intensive sectors in India could benefit if tariff levels remain moderate compared with earlier proposals.
Kirloskar said the importance of strengthening domestic manufacturing through higher local value addition, noting that several countries use policies to support the domestic industry.
He argued that stronger domestic manufacturing capability helps countries maintain supply independence during geopolitical disruptions.
Kampani added that large-scale manufacturing growth is likely to remain concentrated in economies with lower per capita income levels, creating an opportunity for India to expand its manufacturing base.
He said collaboration between government, private companies, and public sector firms would be key to building an integrated manufacturing ecosystem.
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