Us Barriers On Steel Imports
US tariffs may shift trade, increase India's steel import risk: Sail chair
The imposition of higher tariffs by the US may change the global "trade flows", increasing the chances of India becoming more vulnerable to steel imports, SAIL Chairman Amarendu Prakash said on Wednesday. The Donald Trump administration has proposed a 25 per cent tariffs on all steel and aluminium imports into the US and also announced imposing reciprocal tariffs on all its trading partners including India with effect from April 2. Responding to a query on the US tariff moves, Prakash said it may change the trade flows. Traditionally steel has been travelling (exporting) from Asian countries to the US and Europe. Some steel was being exported to the US from Europe. Once the reciprocal tariffs take effect, such exports would become unviable. "That will mean Asian countries -- China, South Korea, Japan -- that are exporting to Europe, that steel becomes free and will be floating around in the world. This floating trade might come to India," he said. When asked if the tariff will imp
 "US tariffs may shift trade, increase India's steel import risk: Sail chair")
US, UK begin talks on removing Donald Trump's steel import tariffs
The United States and the United Kingdom have agreed to begin talks on removing former President Donald Trump's import taxes on British steel and aluminum. In a joint statement on Wednesday, US Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai and UK Trade Minister Anne-Marie Tevelyan said they would be working toward a swift deal that ensures the viability of the steel and aluminum industries in both countries and also "strengthens their democratic alliance". In 2018, Trump imposed tariffs of 25 per cent on foreign steel and 10 per cent on aluminum, calling them a threat to US national security a move that outraged the British, Europeans and other longstanding American allies. Although President Joe Biden had criticized Trump for alienating allies, he was slow once taking office a year ago to undo the metals tariffs, popular in the politically important steel-producing states. Last year, the Biden administration reached a deal with the European Union, agree
 "US, UK begin talks on removing Donald Trump's steel import tariffs")
Impending US barriers on steel imports will impact Indian industry
India is exporting around 10% of its steel production while imports meet 9% of our steel use
 "Impending US barriers on steel imports will impact Indian industry")
