Trump Steel Tariff

Trump signs order hiking steel, aluminum tariffs to 50%, exempts UK

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

What's behind the 2% decline in Nifty Metal index today?

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.

EU threatens countermeasures over Trump's steel, aluminium tariffs hike

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

Doubling tariff on steel, aluminium by US to impact Indian exporters: GTRI

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

Will double tariffs on foreign steel from 25% to 50%, says Trump

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

Trump escalates trade war, pledges more tariffs after EU, Canada's response

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

Trump tariffs on steel, aluminium take effect: Here's how countries reacted

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

Donald Trump's 25% tariff on all steel, aluminium imports take effect

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

Trump's steel tariffs raise concerns, may worsen glut of metal in Asia

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

China, Japan, South Korea hits out at trump's steel, aluminium tariffs

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