Trump, tariffs and Pakistan
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US President Donald Trump’s announcement to double tariffs on imported steel and aluminium will impact Indian exporters, particularly those engaged in valueadded and finished steel products and autocomponents,
President Donald Trump's second-term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled, and business leaders sounded alarms about the economic damage they would cause.
According to India’s WTO notification, unless consultations are initiated or the U.S. measures are withdrawn, India’s retaliatory tariffs can come into effect 30 days from the notification date, i.e., June 8, four days after Trump’s 50% tariff will take effect.
US President Donald Trump has said he plans to double tariffs on imported steel and aluminium to 50 per cent– a move that will further disrupt global steel business and hit Indian exports worth over $7.5 billion “doubly hard”.
US President Donald Trump's decision to double tariffs on imported steel and aluminium threatens Indian exporters, particularly those dealing in value-added steel products and auto-components. The move raises concerns about the impact on India's export market,
In 2024, the US imported 28 million tonnes of steel and 5.4 million tonnes of aluminium, most of it from Canada.
Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.
The US President recently spoke to steelworkers at US Steel’s Pittsburgh plant, assuring support for American-made alloy and announcing a hike in import duty
Despite Trump's call to shift production, Apple significantly increased iPhone exports from India to the US, marking a 76% surge in April. This move a
Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4