Reacting to the development, FIEO president S.C. Ralhan stated that the proposed increase in US steel and aluminium import tariffs will have a significant bearing on India's steel exports, especially in semi-finished and finished categories like stainless steel pipes,

By Bharath Rajeswaran (Reuters) -Indian equity benchmarks fell on Monday, as losses in information technology and metals stocks on U.S. tariff-related uncertainty outweighed optimism from stronger-than-expected domestic growth.

AAI expresses concerns over Trump's decision to double tariffs on aluminium imports, impacting Indian manufacturers already facing pressure from low-cost imports.

India faces significant trade diversion risks due to new U.S. steel tariffs, with local steel industry leaders pushing for protective measures to safeguard domestic production and mitigate impact from import surges.

While facing a challenge from the United States regarding tariffs on steel and aluminium, the Global Trade Research Initiative (GTRI) suggests that India should opt for a more pragmatic route by using the ongoing bilateral Free Trade Agreement (FTA) as a tool for negotiations with the US.

New Delhi: India should grant more market access to American products that do not hurt Indian farmers—including apples, almonds and pistachios—for a mutually beneficial bilateral trading arrangement, according to a working paper by NITI Aayog.

Wells Fargo's Christopher Harvey thinks a 10% tariff could be split evenly between importers, corporations, and consumers.

India estimates a “minor impact” from U.S. President Donald Trump’s plan to increase tariffs on steel and aluminium products as the South Asian country exports low volumes to Washington, the Union Steel Minister said on Monday (June 2, 2025).

India and the US are accelerating negotiations to conclude an interim trade agreement by late June, aiming to avoid new 26 per cent US tariffs on Indian exports and seeking a full rollback of April 2 tariff hikes.