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Trump's metal tariffs put India exports at risk, spark glut fears
Business Standard
|February 11, 2025
Besides 25% duty on all steel, aluminium imports, US plans 'reciprocal tariffs'
American President Donald Trump has said he would impose a 25 percent tariff on all steel and aluminum imports, a move that could further shrink India's already negligible shipments of these commodities to the US and leave the country vulnerable to an influx of surplus supplies.
In addition to the tariffs on steel and aluminum, Trump plans to introduce "reciprocal tariffs" on imports from all countries to match the tariffs those nations impose on US products.
The announcements come ahead of Prime Minister Narendra Modi's scheduled meeting with Trump in Washington later this week.
New Delhi is considering its options to counter the higher import levies planned by the US, with retaliation not "off the table", a senior government official said.
In 2018, India imposed retaliatory tariffs during Trump's first term after the US introduced a 25 percent tariff on steel and a 10 percent tariff on aluminum imports, citing "national security" concerns.
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