When you are at a stage of development when your own industry has to grow, you will tend to make sure that, as per the WTO norms, whatever is the trade tariff which you can levy... you will levy, says Union Finance Minister
The tariff is expected to slash steel exports to the US by 85 per cent, creating a massive surplus that will likely flood India which is one of the few major markets without trade restrictions, says industry body
The real task for world leaders is de-risking Trump’s tariff tornadoes and the collateral damages of how he views European allies and partners in the Indo-Pacific region
The rating agency says steel producers will face increased challenges in exporting their products after the US decision to impose an additional 25 per cent tariff on all steel and aluminium imports