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Donald Trump's 25% tariffs on steel and aluminum imports take effect: Impact on India

IndiaTimes Wednesday, 12 March 2025
Trump's 25% tariff on steel and aluminum imports, effective Wednesday, aims to boost US factory jobs despite market concerns. Exemptions are removed, and aluminum tariffs increased to 10%. These measures may challenge Indian steel manufacturers and prompt international trade disputes, while US domestic steel producers may benefit from higher prices and market access.
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Video Credit: Oneindia - Published
News video: Breaking: Trump Orders 25% Tariff Increase on Canadian Steel, Aluminum After PM Carney’s Warning

Breaking: Trump Orders 25% Tariff Increase on Canadian Steel, Aluminum After PM Carney’s Warning 03:18

Trump has announced a 25% tariff increase on Canadian steel and aluminum, escalating trade tensions between Washington and Ottawa. The decision comes just days after Canadian Prime Minister Mark Carney warned of potential economic fallout from U.S. trade policies. Trump justified the move by citing...

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