Affected by the tariff increase from the US, Indian steel exports to the US dropped by 42% in the June quarter but aluminum soared by 59%.
India confronted 68 steel products exports to the US with 25% tariff and seven aluminum products with 10% tax. It might have a comparative advantage for the US import from India than from Canada, Mexico and China.
India took retaliatory tariffs on 29 products by 45 days from the US, which took effect on August 4th till September 18th. Both India and the US were still in the negotiation of a trade package currently.
Indian steel exports to US plunge by 42% but aluminum soars by 59%
4 Sep 2018 15:52 reported by Sammi Lin
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