Brief by Shorts91NewsDesk / 08:12am on 16 Mar 2025,Sunday Business
The United States has announced a 25% tariff on all steel and aluminum imports, a move that could significantly impact India's aluminum industry, which exported approximately $820 million worth of these products to the U.S. in 2024. While India's steel exports to the U.S. are relatively minimal, the aluminum sector faces substantial risks. This decision may lead to a surplus of global steel and aluminum, potentially resulting in dumping in markets like India, thereby pressuring domestic prices and affecting local producers. Analysts warn that such protectionist measures could disrupt global trade dynamics, leading to retaliatory tariffs and increased competition from countries like China, Indonesia, and Vietnam.
