India assesses potential $4.6 billion export hit from US 50% aluminium and steel tariff—how real is the threat?
As soon as the news broke about the US President Donald Trump’s decision to double aluminium and steel tariffs from 25 per cent to 50 per cent, effective from June 4, 2025, major producers and exporters of aluminium and steel worldwide began assessing the implications of the double-whammy, steep tariffs. India, being a country among the top 10 aluminium exporters to the United States, has assessed that its metal exports worth USD 4.56 billion would face headwinds. A report by the Global Trade Research Initiative (GTRI) warned that Indian exports would become more expensive in the US market, potentially reducing their competitiveness and affecting overall trade volumes.
GTRI said "For India, the consequences are direct. In FY2025, India exported USD 4.56 billion worth of iron, steel, and aluminum products to the US.”
USD 4.56 billion export under threat - is it for real?
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