Sat May 31 09:10:30 UTC 2025: **Summary:**

U.S. President Donald Trump’s decision to double tariffs on imported steel and aluminum from June 4th, 2025, will negatively impact Indian exporters. The think tank Global Trade Research Initiative (GTRI) warns this move will hurt the profitability of Indian producers who exported $4.56 billion worth of these products to the U.S. in 2024-25. India had already signaled its intention to impose retaliatory tariffs on U.S. goods in response to earlier tariffs and may proceed with increasing tariffs on certain U.S. exports within a month.

**News Article:**

**Trump’s Doubled Steel & Aluminum Tariffs to Hit Indian Exporters Hard**

*New Delhi, May 31, 2025* – U.S. President Donald Trump’s latest trade move, doubling tariffs on imported steel and aluminum, is poised to significantly impact Indian exporters, according to the Global Trade Research Initiative (GTRI). The tariffs, set to take effect on June 4th, threaten the profitability of Indian producers who rely on the U.S. market.

In 2024-25, India exported $4.56 billion worth of iron, steel, and aluminum products to the U.S., including significant amounts of iron, steel, and aluminum-related articles. These exports are now subject to sharply increased tariffs under Section 232 of the U.S. Trade Expansion Act of 1962, which Trump invoked, citing national security concerns.

“For India, the consequences are direct,” stated GTRI founder Ajay Srivastava.

India had already issued a formal notice at the World Trade Organization (WTO) signaling its intention to retaliate against previous steel tariffs. With the doubling of tariffs, it remains to be seen whether India will follow through and impose retaliatory tariffs on U.S. exports within the coming month. The situation continues to develop as the deadline approaches.

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