New Delhi: Former U.S. President Donald Trump’s renewed threat of a 25% tariff on steel and aluminium imports has set off concerns in India, raising fears of dumping, market disruptions, and a global trade shake-up.
A similar move during Trump’s previous tenure led to widespread protectionist policies, hurting Indian steel and aluminium exports. Experts warn that if imposed again, the tariffs could push surplus Chinese and foreign steel into India, causing market instability and price fluctuations.
With the U.S. being a key market for Indian metal exports, industry leaders are bracing for impact. The Indian government is exploring countermeasures to safeguard domestic producers, while trade officials keep a close watch on developments.
As the U.S. elections draw closer, uncertainty over trade policies is rattling global markets, leaving exporters on edge.
