India has imposed a 12% temporary safeguard tariff on specific steel imports. This decision, which will be in effect for 200 days, is a direct response to a surge in low-cost steel shipments from countries like China,
China is the world’s largest producer of steel, and the move by India comes at a time when the U.S. has already imposed steep tariffs on Chinese steel and aluminum. With limited access to the American market, Chinese manufacturers have been looking to offload excess steel in other countries—including India
This new tariff will likely reduce China’s ability to export its steel to India, dealing another blow to its global steel strategy. Chinese media and analysts have criticized the move, warning that such “protectionist” measures could damage bilateral trade ties and increase manufacturing costs in India.
The U.S. and India are strengthening their economic and strategic ties. Recently, U.S. Vice President JD Vance visited India to advance a potential trade deal aimed at doubling bilateral trade to $500 billion by 2030.
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