“U.S. President Donald Trump’s announcement to double tariffs on imported steel and aluminium will impact Indian exporters, as it would hurt their profitability,” suppose tank Global Trade Research Initiative (GTRI) mentioned on Saturday (May 31, 2025.)
On May 30, Mr. Trump introduced that he would double the present 25% tariffs on metal and aluminium imports from June 4. This hike comes beneath Section 232 of the U.S. Trade Expansion Act of 1962, a regulation that enables the President to impose tariffs or different commerce restrictions if imports are deemed a risk to nationwide safety.
Mr. Trump initially invoked this provision in 2018 to set the 25% tariff on metal and 10% on aluminium. He raised tariffs on aluminium to 25% in February 2025. “For India, the consequences are direct,” the (GTRI) mentioned.
In 2024-25, India exported $4.56 billion price of iron, metal, and aluminium merchandise to the U.S., with key classes, together with $587.5 million in iron and metal, $3.1 billion in articles of iron or metal and $860 million in aluminium and associated articles.
“These exports are now exposed to sharply higher U.S. tariffs, threatening the profitability of Indian producers and exporters,” GTRI founder Ajay Srivastava mentioned.
India has already issued a proper discover on the World Trade Organization (WTO) signalling its intention to impose retaliatory tariffs on U.S. items in response to the sooner metal tariffs. “With Trump now doubling the tariffs, it remains to be seen whether India will carry out the retaliation by increasing tariffs on certain U.S. exports within a month,” he mentioned.
Published – May 31, 2025 02:40 pm IST
