Trump’s Tariffs Threaten $1 Billion of Indian Exports

President Trump’s plan to impose a 25% tariff on steel and aluminum imports could significantly impact Indian exports, putting nearly $1 billion at risk. India’s steel exports to the US are minimal, but aluminum exports, which account for 12% of the country’s total exports, could be heavily affected.

Indian exporters worry about reduced demand for their products in the US market. These tariffs may also prompt other countries to implement similar protectionist measures, further complicating the global trade environment.

Despite these challenges, the Indian government and industry leaders are looking for ways to mitigate the tariffs’ impact. Strategies include diversifying export markets and strengthening domestic consumption to counterbalance the potential decline in US-bound exports.

Analysts are closely monitoring the situation to understand the long-term effects on India’s trade and economy. The outcome of these tariffs depends on how the global trade environment evolves and how effectively India can adapt to the changing dynamics.