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