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Trump tariff: Steel, aluminium untouched; metal exporters breathe easy

IndiaTimes Friday, 4 April 2025
Metal exporters in India are relieved as the White House exempts steel and aluminium from an additional 27% duty, though a 25% tariff remains. Copper is also spared from reciprocal tariffs. Experts note that major issues may arise from secondary effects if a tariff conflict ensues, but the proposed 12% safeguard duty could protect India's steel sector.
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News video: Export Orders on Hold as US Buyers Push Indian Vendors for 15–20% Discount Amid Tariff Surge

Export Orders on Hold as US Buyers Push Indian Vendors for 15–20% Discount Amid Tariff Surge 03:03

 Indian exporters are under pressure as US buyers seek 15–20% discounts on goods ordered before recent tariff hikes. Smaller exporters, especially in clothing and gems, are seeing delayed orders, while larger retailers remain steady. The tariff burden is leading to split-cost negotiations between...

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