Mumbai, April 22 -- Leading data and analytics company GlobalData has predicted substantial ripples across the global automotive industry owing to US Government's announcement of 25 percent tariff on all foreign automobiles and automotive parts entering the country. Though President Donald Trump has since announced a 90-day suspension on the new tariff implementation to allow trade negotiations with partner trading countries, the report says that the situation still poses a significant challenge for the global automotive industry.

According to Madhuchhanda Palit, Automotive Analyst at GlobalData: "The economic repercussions of these tariffs are particularly pronounced for Japan, where the automotive industry is a vital economic pillar. A...