Published 7 days ago • loading... • Updated 5 days ago

India’s steel industry contemplates potential fallout from Trump administration tariffs

The Trump administration's announcement to impose a 25% tariff on steel imports may lead to cheaper steel in India, according to B. Praveen of Sun Techpro Engineering, resulting in better profit margins for businesses like his.
Naveen Jindal, president of the Indian Steel Association, expressed concern over steel dumping due to India's lack of trade restrictions after the tariffs are imposed.
The Global Energy Monitor reported that steelmaking currently contributes to up to 12% of India’s greenhouse gas emissions, raising climate change concerns.
Indian companies face challenges in balancing economic growth and decarbonization as they recognize the need to reduce emissions but worry about the costs involved, stated Easwaran Narassimhan.

Insights by Ground AI

Does this summary seem wrong?

12 Articles

All

Left

Center

Right

The Korea Times

Antidumping tariffs on Chinese steel products draw backlash

The Korean steel industry's ongoing efforts to build stronger trade barriers against low-priced Chinese products are beginning to cause internal strife, drawing criticism from steel product consumers like construction firms and shipbuilders.

5 days ago·Korea, Republic of

Read Full Article

Inquirer

India's steel industry sees potential fallout from Trump admin tariffs

BENGALURU, India — Rows of small factories line the streets of a dusty suburb in Bengaluru, where workers weld and cast Indian-made steel into everything from car parts to kitchen sinks. Here, U.S. President Trump’s announcement to impose high trade tariffs on steel imports has some unexpected supporters. Many industry workers and experts expect that […]...Keep on reading: India's steel industry sees potential fallout from Trump admin tariffs

6 days ago·Manila, Philippines

Read Full Article

Associated Press News

+3 Reposted by 3 other sources

India's steel industry contemplates potential fallout from Trump administration tariffs

The recently announced U.S. tariffs on steel imports mean that countries like China, which export to the U.S., will need to find new markets — and that could lead to

7 days ago·United States

Read Full Article

www.dn.no

Steel backs Trump tariffs: – These are dramatic measures (+)

Trump's new tariff regime could cost the Stavanger company Laerdal Medical a three-digit million amount.

5 days ago

Read Full Article

ScienceDirect

Trade protection via tariff rate quota administration

In January 2022, the first dispute settlement panel convened under the United States-Mexico-Canada Agreement (USMCA) ruled that administration procedu…

6 days ago·Amsterdam, Netherlands

Read Full Article

NDTV Profit

Trump Tariffs On China To Have Spillover Impact On India: Analysts

The imposition of tariffs by US President Donald Trump on China will have a spillover impact on India, but dumping concerns from the neighbouring country might be negligible, according to analysts.While China is at the centre of Trump's America First Trade Policy, but the rest of Asia is also at risk as his tariffs are centred around trade imbalances, reciprocal and sectoral tariffs, according to Nomura.Since the reciprocal tariffs are based on …

6 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year