Trump’s 50% tariff on steel and aluminium comes into effect; Here's what we know
Wednesday, 4 June 2025 () US president Trump has signed an order doubling tariffs on imported steel and aluminum to 50%, citing national security concerns and aiming to protect domestic industries from foreign dumping. While tariffs on UK imports remain at 25%, the hike targets other partners, prompting warnings of retaliation from the European Union and Mexico seeking an exemption, adding pressure to ongoing trade talks.
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India anticipates a limited effect from President Trump's proposed steel and aluminium tariff increase due to relatively low export volumes to the US. While the... IndiaTimes
India's engineering exports face significant headwinds as the US prepares to impose a 50% tariff on steel and aluminium imports, effective June 4, 2025. This... IndiaTimes
President Trump's impending tariff hike on steel and aluminium imports, effective June 4, is projected to significantly impact Indian metal exports, potentially... IndiaTimes
Wednesday, 4 June 2025 ()
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