Metals dip as US to restore tariffs on imports from Brazil, Argentina

Last year, Washington had imposed tariffs of 25 per cent on steel and 10 per cent on aluminium on national security grounds.

Metal stocks such as Jindal Steel, Tata Steel, NMDC, and Vedanta declined in the early mornig trade on the NSE on Tuesday after US President Donald Trump "restored" tariffs on all steel and aluminium products imported from Brazil and Argentina.

In a tweet on Monday, Trump said that Brazil and Argentina had been presiding over a "massive devaluation of their currencies", which was not good for the US farmers. READ REPORT HERE

"Therefore, effective immediately, I will restore the tariffs on all Steel & Aluminum that is shipped into the US from those countries... The Federal Reserve should