New Delhi, Sept. 17 -- High US tariffs imposed by the Trump administration are expected to affect around 8% of India's overall auto component output, ratings firm Icra said on Wednesday.

This disruption will put Indian auto component exporters at a relative disadvantage compared to most of their Asian peers who export to the United States, highlighting the urgency of concluding an India-US bilateral trade agreement to provide relief to the exporters, PTI reported, citing the report.

Earlier in July, US President Donald Trump imposed an additional 25% tariff on top of an existing 25% tariff, bringing the total tariff to 50% on Indian goods, citing the country's continuous purchase of Russian crude oil.

Auto component exports to America ...