New Delhi: Former U.S. President Donald Trump’s latest threat to impose a 25% tariff on steel and aluminium imports has raised fears of dumping and global trade disruptions, potentially impacting Indian exports.
During Trump’s previous tenure, similar tariff hikes led to a wave of protectionist measures worldwide, making it harder for Indian steel and aluminium manufacturers to compete in global markets. Experts warn that a repeat of such policies could divert excess Chinese and other foreign steel into India, leading to market distortions and price fluctuations.
Indian trade officials and industry leaders are closely monitoring the situation, as a steep tariff hike could force Indian exporters to seek alternative markets or face declining demand in the U.S. The government is expected to explore countermeasures to protect domestic industries.
With the U.S. elections approaching, uncertainty looms over future trade policies, keeping global markets on edge.
