Trump’s Steel Tariffs Threaten Indian Exports, Intensify Competition

US President Donald Trump plans to reintroduce a 25% tariff on steel and aluminum imports, posing significant challenges for Indian exporters. While the US accounts for only 5% of India’s steel exports, the move could exacerbate global oversupply and intensify domestic competition. Shares of major Indian steelmakers like JSW Steel and Tata Steel have already declined in response. Experts warn of potential retaliatory trade measures and price drops globally, further straining Indian manufacturers.

Source: Times of India, Fortune India, Moneycontrol