US EditionTrump’s Proposed 50pc Tariff Hike May Hit USD 5 Billion Engineering Exports: EEPC India
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5 Articles
Trump’s proposed 50pc tariff hike May hit USD 5 billion engineering exports: EEPC India
Kolkata, Jun 2 (PTI) US President Donald Trump’s proposed 50 per cent tariff on steel and aluminium imports could severely impact India’s engineering goods’ shipments, an engineering exports promotion body has said.These metals and their derivatives constitute nearly a quarter of the country’s total engineering shipments to the US, the Engineering Export Promotion Council of India said.Currently, India exports around USD 5 billion worth of steel…
Steel producer ArcelorMittal was among the losers on the Amsterdam stock exchange on Monday. Investors digested the doubling of US import duties on steel and aluminium from 25 to 50 percent, which President Donald Trump announced on Friday. The trade war between the United States and its trading partners seems to be flaring up further.
EU Condemns Trump’s Surprise Tariff Hike on Steel and Aluminium
BRUSSELS, Belgium — The European Union has expressed strong disapproval of US President Donald Trump’s unexpected plan to double tariffs on imported steel and aluminium, warning the move could unravel ongoing trade negotiations and trigger retaliatory measures from the bloc. Speaking at a campaign rally in Pittsburgh on Friday, May 30, 2025, Trump said the United States would raise tariffs on steel and aluminium imports from 25 percent to 50 per…
Brussels, Bel. /Xinhua Agency. The European Commission harshly criticized this Saturday the decision of the United States to raise tariffs on its steel imports, from 25 to 50 percent, warning that the measure could provoke prompt retaliation from the European Union (EU). “We deeply regret the increase announced,” said a Commission spokesman through an e-mail statement. He then stated that the decision “adds more uncertainty to the world economy …
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