Trump’s proposed 50% tariff hike may hit $5 billion engineering exports: EEPC India

Donald Trump’s proposed 50% tariff on steel and aluminium imports threatens India’s engineering goods’ shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has already intensified global competition. EEPC India urges a waiver similar to the UK’s, fearing complications in ongoing Bilateral Trade Agreement negotiations.

Create your account