India-US trade deal keeps tariffs on steel and aluminium
after close1 source ↓written by the desknot a recommendation
- under US Sec
- 50% tariffs
- in FY25
- $5 billion
- goods drop
- 18%
- benefiting
- 25% tariff
India's steel, aluminium, and copper sectors will continue facing 50% tariffs under US Sec 232 provisions, impacting exports valued at $5 billion in FY25. While reciprocal tariffs on Indian goods drop to 18%, Indian products remain costly compared to UK imports benefiting from a 25% tariff. This situation may hinder competitiveness for Indian exporters in the US market.
Not investment advice. For informational purposes only.