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Indian exporters worried over US tariff hikes on steel, aluminium goods
The Political and Business Daily
|June 01, 2025
THE Federation of Indian Export Organisations (FIEO) has expressed concern over the recent announcement by US President Donald Trump to double import tariffs on steel and aluminium from 25 per cent to 50 per cent, citing potential disruption to India’s steel and aluminium exports, particularly in value-added and finished steel products and autocomponents.
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Reacting to the development, FIEO president S.C. Ralhan stated that the proposed increase in US steel and aluminium import tariffs will have a significant bearing on India’s steel exports, especially in semi-finished and finished categories like stainless steel pipes, structural steel components, and automotive steel parts.
“These products are part of India’s growing engineering exports, and higher duties could erode our price competitiveness in the American market,” he said.
Dit verhaal komt uit de June 01, 2025-editie van The Political and Business Daily.
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