Tata Sons chairman N Chandrasekaran on Tuesday said he feels some part of the tariffs imposed by the US is bound to stay. Making it clear that the problem at present is not the tariffs, Chandrasekaran said the issues stem from the upending of an over six-decade old model that the world had got used to.
Globalisation ensured that goods are produced where it is cheap or efficient to produce them, and sold where there is a demand, he explained.
Chandrasekaran said supply chains are integrated and things cannot change overnight as there are issues such…