Donald Trump dropped a new tariff bomb on India! Great impact on Indian exporters, who say experts who have been updated last: June 01, 2025, 02:12 IST USA President Donald Trump has doubled the rates on steel and aluminum imports from India. Experts believe that Indian exporters, especially valued and completed steel products and car components … Read more symbolic photo highlights Trump has doubled the tariff on Indian steel and aluminum. Indian exporters can suffer a great loss. Fieo expressed concern about the tariff increase. New -delhi. US President Donald Trump has doubled the rates on the import of steel and aluminum of India to 50 percent. This new rate will come into effect from June 4. This means that these goods now have to pay more taxes than before in America. Experts believe that this can cause huge losses to Indian exporters, especially valued and completed steel products and auto parts. The move expressed concern among trade analysts, who requested the government to directly discuss this issue through diplomatic channels with US officials. Ajay Srivastava, founder of Global Trade Research Initiative (GTRI), said Indian steel and aluminum products will now have heavy US rates. This will reduce the margin and affect competition. These Indian goods will be expensive in America, India has exported a total of $ 4.56 billion steel and aluminum goods to the US in FY 2024-25. This includes $ 587.5 million iron and steel, $ 3.1 billion iron or steel goods and $ 860 million aluminum and products associated with it. Now that they will have a new tariff in America, Indian goods will become more expensive, will India answer? India has already complained against the US in the WTO and is considering it. Fieo expressed concern that the Federation of the Indian Export Organization (FIEO) expressed its concern about Trump’s new tariff announcement. Fio said in a statement on Saturday that it is expected to affect the export of the country’s steel and aluminum, especially appreciation and completed steel products and auto parts. Fio-President SC Ralhan said the proposed increase in rates on steel and aluminum imports in the US will have a significant impact on the export of India, especially stainless steel pipes, structural steel components and motor language parts such as semi-finished and completed categories. He said these products are part of India’s growing engineering exports and high rates can reduce our price competition in the US market. Over the past five years, author Vinoy Jha has been working as a senior copy editor in News18hindi after starting his career with print media. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more, after the past five years have started a career with print media, there is a senior copy editor in News18hindi. Business News Team has been part of the team for almost 2 years. He has a decade of experience in journalism. … Read more India’s latest news on News18 India Watch Location: New -Delhi, Delhi Homebusiness Donald Trump has dropped a new tariff bomb on India! Great impact on Indian exporters
Donald Trump dropped a new tariff bomb on India! Great impact on Indian exporters, what do experts say
