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Deal or not, Trump's 2018 tariffs on steel and aluminum may stay

Mint New Delhi

|

July 07, 2025

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.

- Dhirendra Kumar

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.

Mint New Delhi से और कहानियाँ

Mint New Delhi

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Gupta pilfered from fraud, Trafigura says

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Beyond the stock slump—Kaynes’ $1 bn aim is just the start

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time to read

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Avaada to invest ₹1 trillion in 5 years

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VentureSoul closes first debt fund at ₹300 crore

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time to read

1 min

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Mint New Delhi

New MF distributor incentives introduced

Mutual fund distributors will now earn additional incentives for bringing in first-time investors from B-30 (beyond the top 30) cities and for onboarding new women investors from any city, under Securities and Exchange Board of India's (Sebi) revised incentive framework.

time to read

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Mint New Delhi

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Catamaran to boost manufacturing bets

Catamaran is focused on a few areas in manufacturing, such as aerospace

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2 mins

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