Inside the US-India trade talks: any breakthrough on aluminium and steel tariffs?
All eyes are now fixed on the trade dialogue between India and the United States that kicked off on June 26. The stakes are high—not for a full-fledged trade deal, but for an interim agreement that could shift the course of escalating tariff tensions. The clock is ticking, as July 9 marks the end of the 90-day suspension period of Donald Trump’s retaliatory 26 per cent aluminium tariffs announced on April 2.
Over the past three months, both nations have engaged in a flurry of bilateral exchanges to resolve the tariff deadlock, particularly surrounding aluminium and steel. India even took its grievances to the World Trade Organization, challenging Washington's move as blatant protectionism disguised as trade policy. Yet, all efforts seemingly hit a wall when Trump doubled down, raising aluminium and steel tariffs from 25 per cent to a staggering 50 per cent.
Now, with the deadline fast approaching, the interim trade talks carry the weight of a possible breakthrough or another bitter twist in the tariff saga. Will diplomacy win the day, or are we bracing for yet another escalation masked as negotiation? Well, as of now, the interim trade talk has shaped up something like this:
Unlock full access – sign up for FREE.
Key benefits
Citi tags Alcoa with a ‘Buy’ call on rising aluminium demand forecast
Next article20 years of shaping the aluminium industry, one global platform –ALUMINIUM CHINA 2025
Grow with
AL Circle
