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Deal or not, Trump's 2018 tariffs on steel and aluminum may stay
July 07, 2025
|Mint New Delhi
The proposed India-US bilateral trade agreement (BTA) is not likely to resolve the fraught issue of American tariffs on Indian steel and aluminum, two people directly involved in the process said, days to go before the deadline for the first phase of the deal.
The two sides have been racing against time to dust off the deal before President Donald Trump's 9-July deadline for countries to offer lower tariffs on US goods.
The duties—now raised—are set to remain in force after the agreement, the people cited above said on the condition of anonymity.
"As a formal political green signal is awaited from Donald Trump following the approval of the deal's terms by the US Trade Representative, the long-standing duties on Indian metal exports—50% on steel and 50% on aluminum—will not be rolled back in this round of negotiations," said the first person cited above.
هذه القصة من طبعة July 07, 2025 من Mint New Delhi.
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