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US to double steel, aluminium tariffs
The New Indian Express Kozhikode
|June 01, 2025
The Trump administration in the US is planning to double down its efforts to curb metal imports as it is planning to increase tariffs on steel and aluminium from 25% to 50%, citing security reasons.
"We're going to bring it from 25% to 50% — the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," US President Donald Trump said at a rally in Pennsylvania. This could come as a double whammy for the Indian steel industry, which is already facing the risk of 'du
This story is from the June 01, 2025 edition of The New Indian Express Kozhikode.
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