
Trump’s 50 per cent tariff on steel and aluminium imports threatens India’s $5 billion export sector: Experts
India’s engineering exports are likely to face significant challenges following US President Donald Trump’s decision to impose a 50 per cent tariff on foreign steel and aluminium imports, according to the Engineering Export Promotion Council of India (EEPC).The new tariff, set to take effect from June 4, 2025, will apply to steel, aluminium, and their…