Donald Trump's 25% Tariffs on Steel and Aluminum Imports Take Effect: Impact on India

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Donald Trump's 25% Tariffs on Steel and Aluminum Imports Take Effect: Impact on India

USA 12 Mar 2025 12:09 PM IST Times of India

New Delhi, India – Former U.S. President Donald Trump's decision to impose 25% tariffs on steel and 10% tariffs on aluminum imports has officially taken effect, raising concerns over its potential impact on India’s steel and aluminum trade.

Key Details:

The tariffs, aimed at protecting American manufacturers, could disrupt global trade flows and impact India’s steel and aluminum exports to the U.S.
Indian steel and aluminum producers may face increased competition and reduced profitability due to higher costs and decreased demand in the U.S. market.
The U.S. imported approximately $600 million worth of steel and $350 million worth of aluminum from India in the last fiscal year.

Market Impact:

Indian steelmakers like Tata Steel, JSW Steel, and SAIL may shift their focus toward domestic and alternative international markets.
Aluminum producers like Hindalco are expected to explore cost-cutting measures and strategic realignments.
The tariffs could also impact global steel prices, potentially leading to increased volatility.

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Breaking News

Donald Trump's 25% Tariffs on Steel and Aluminum Imports Take Effect: Impact on India

Key Details:

Market Impact:

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