PI Industries Share Price Jump 8% After US Pauses Tariff Hike

PI Industries share price surged over 8% on Friday, April 11, at 12.33 AM. This follows positive news on the global trade front. The stock was trading earlier at ±3,525.8, recovering strongly after recent losses. However, despite the rise, it remains down over 4% in 2025 so far.

US Pauses Tariffs on Multiple Countries

The recovery came after the United States announced a temporary pause on the imposition of reciprocal tariffs on up to 75 countries, which likely includes India. The decision was made public by US President Donald Trump on Wednesday night (Indian time).

Earlier, tariffs on Indian goods were raised to 26%, but have now been reduced to 10% for a 90-day period. This pauses eases pressure on companies dependent on exports, including PI Industries.

Exports Key to PI Industries’ Business

The announcement is especially positive for PI Industries, as a large part of its revenue comes from exports. At the end of the December quarter, the company had an order book worth US$1.4 billion, with 83% of it linked to exports.

In FY24, the North American market contributed 44% to the company’s revenue. India accounted for 18%, while Asia and Europe contributed 23% and 12%, respectively.

PI Industries Share Price Recovery After Previous Drop

PI Industries share price fell by 6% in the 2 sessions following the initial tariff announcement. The reversal in policy has triggered a bounce-back, driven by optimism around global trade and reduced cost pressures.

Conclusion

The US tariff pause has given relief to export-heavy firms like PI Industries. With a strong export pipeline and a large order book, the company is likely to benefit in the near term, especially if tariffs are not reinstated after the 90-day pause.

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