Tata Steel Sounds Alarm Over US Tariffs, Urges Swift Trade Deal Amid Export Risks

Tata Steel has urged the Indian government to secure a full trade agreement with the US, following President Donald Trump’s decision to double steel tariffs to 50% starting June 4. The move, aimed at protecting American industry, has raised concerns among Indian steelmakers, including Tata Steel, which warns that its exports are at risk under the India-JK-US trade pact.

 

India’s steel exports to the US saw a 26.7% YoY increase in FY25, making the country a key market for Tata Steel. However, with Trump’s tariff hike, Indian steel producers fear reduced competitiveness and potential dumping pressures from redirected global steel supplies. Tata Steel’s Managing Director, TV Narendran, has called for urgent safeguard duties to shield domestic manufacturers from the fallout.

 

Industry experts predict that India may impose countermeasures, including anti-dumping duties, to mitigate the impact of excess steel flooding the domestic market.

 

Key Highlights:

Source: News18 | Vajiram & Ravi | Devdiscourse