Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
China has retaliated against the US by slapping a 34% additional tariff on a wide range of American goods, escalating the ongoing trade tensions. The move is seen as a direct response to the 26% tariff imposed by the US on key exports, including Indian steel and aluminium. China's decision signals a hardened stance in the global trade war, with implications for global markets, supply chains, and strategic trade alignments.
The tariff hike affects US agricultural products, automobiles, and energy commodities, further straining already fragile economic relations. Analysts warn of rising global uncertainty, inflationary pressure, and possible trade route recalibrations. Developing countries like India may have to walk a fine line to safeguard their export interests while leveraging emerging trade opportunities.
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