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,

U.S. President Donald Trump's decision to double tariffs on steel and aluminium imports is set to impact India's metal exports worth USD 4.56 billion, a report by Global Trade Research Initiative (GTRI) has warned.

A Global Trade Research Initiative report warns that U.S. President Trump's decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India's metal exports,

The US President recently spoke to steelworkers at US Steel’s Pittsburgh plant, assuring support for American-made alloy and announcing a hike in import duty

In 2024, the US imported 28 million tonnes of steel and 5.4 million tonnes of aluminium, most of it from Canada.

Former US President Donald Trump has issued a stern warning amid rising tensions between India and Pakistan, stating that any ongoing military conflict between the two nations could impact potential trade agreements with the United States.

He later posted on social media that the higher tariff rate would take effect on June 4, reports Yonhap news agency.

Ajay Sahai, director-general and CEO of FIEO, said the impact of the court ruling might be short-lived as the Trump administration would be expected go all the way up to the US Supreme Court

President Trump said at a rally in Pennsylvania on Friday that he is going to double tariffs on steel imports from 25% to 50%. The hike, the president said, "will even further secure the steel industry in the United States.