China and India Weigh Responses to Metal Import Tariffs

China and India Weigh Responses to Metal Import Tariffs

Via Metal Miner   The world now waits to see how two aluminum market leaders, China and India, will react to U.S. President Donald Trump’s imposition of 25% tariffs on metal imports. Between them, these two nations produce about 50 million metric tons (MT) of aluminum yearly. However, China significantly outpaces India, alone producing about 43 MT per year. It is also worth noting that both countries also consume a vast percentage of the aluminu…

Reuters reports this, citing sources in the Indian government.According to the report, in this way, India is trying to mitigate the negative impact of the new tariffs introduced by the administration of US President Donald Trump, which are due to enter into force on April 2. In an internal analysis, New Delhi estimated that such reciprocal tariffs would affect 87% of its total exports to the United States, amounting to $66 billion. Sources in th…

Aluminum Market Trade War Heats Up: China, India and Tariffs

The world now waits to see how two aluminum market leaders, China and India, will react to U.S. President Donald Trump’s imposition of 25% tariffs on metal imports. Between them, these two nations produce about 50 million metric tons (MT) of aluminum yearly. However, China significantly outpaces India, alone producing about 43 MT per year. […]