Trump Steel Tariff

The order said that raising the existing tariffs would offer stronger support to domestic industries and help reduce or eliminate the national security threat posed by imports of steel, aluminium

As per media sources, the US government is likely to increase tariffs on imported steel and aluminium from existing 25% to 50% starting June 4, to support domestic manufacturing of metal in the US.

The European Commission said it "strongly" regrets Trump's plan to increase tariffs, adding it undermines ongoing efforts to reach a negotiated solution

US President Donald Trump's announcement to double tariffs on imported steel and aluminium will impact Indian exporters, as it would hurt their profitability, think tank GTRI said on Saturday. On May 30, Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4. This hike comes under Section 232 of the US Trade Expansion Act of 1962, a law that allows the president to impose tariffs or other trade restrictions if imports are deemed a threat to national security. Trump originally invoked this provision in 2018 to set the 25 per cent tariff on steel and 10 per cent on aluminium. He raised tariffs on aluminium to 25 per cent in February 2025. For India, the consequences are direct, the Global Trade Research Initiative (GTRI) said. In 2024-25, India exported USD 4.56 billion worth of iron, steel, and aluminium products to the US, with key categories, including USD 587.5 million in iron and steel, USD 3.1 billion in articles of iro

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan's Nippon Steel Corp.

The latest decision has marked an escalation in the already heated trade war between the US and other nations

India has downplayed the impact of US President Donald Trump's 25% steel tariffs, noting that its exports to the US are minimal compared to its total production of 145 million tonnes in 2024

The decision to impose a 25 per cent tariff on all steel and aluminium imports comes after Trump backtracked on his 50 per cent tariff threat to Canada, just hours after making it

Steelmakers from Asia to Europe and Latin America are already reeling from a flood of cheap Chinese steel, with the nation's 2024 exports touching a nine-year high above 110 million tonnes

Trump on Thursday pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium