US President Donald Trump’s announcement to double tariffs on imported steel and aluminium will impact Indian exporters, particularly those engaged in valueadded and finished steel products and autocomponents,

For India, the immediate economic fallout from US President Donald Trump's steel tariffs announcement appears relatively muted. In 2024, the US imported approximately 28 million tonnes of steel, though net imports were significantly lower due to domestic production.

Trump’s tariff decision coincides with a major development in the ongoing US Steel-Nippon Steel saga. After long opposing foreign ownership of the iconic steelmaker, Trump reversed course last week, now backing a “partial ownership” structure by Japan’s Nippon Steel.

Donald Trump's wide-ranging taxes on imports were reinstated this week after being deemed illegal by a trade court. Their ultimate fate is yet to be decided.

The ceasefire between India and Pakistan earlier this month was only achieved after US President Donald Trump offered the two countries trading access, Commerce Secretary Howard Lutnick said in a legal submission defending the White House’s tariff policy.

India's benchmark indexes are poised for a positive open on Thursday, tracking gains in broader Asian peers and Wall Street futures, as investors cheered a U.S. federal court's decision to block President Trump's proposed "Liberation Day" tariffs.

Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.