In a reversal of his earlier stance, US President Donald Trump is set to sign an executive order relaxing portions of the 25% tariffs imposed on auto parts, specifically those used in vehicles manufactured within the United States. The move is designed to stimulate domestic car production and address growing industry concerns about job losses and spiraling costs triggered by the broad application of tariffs. However, Indian auto component makers will also be a huge gainer of any such move. This is because the US is their single largest market, accounting for exports worth $6.8 billion annually.