Trump to double steel tariffs from June 4: How India could lose billions

Trump to double steel tariffs from June 4: How India could lose billions

Donald Trump’s tariff wars continue. He has announced that the US would be doubling tariffs on steel and aluminium imports to 50 per cent, starting June 4. This move could significantly hurt India — it exports steel worth $4.56 billion. Moreover, it could complicate the ongoing trade agreement talks between New Delhi-Washington

US President Donald Trump walks as workers react at US Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, US. Reuters