50 percent tariff will be imposed on steel, aluminum from today, Trump had announced; India will also be affected

The United States will double its tariff on imported steel and aluminum from Wednesday. According to the White House, issuing an order signed by President Donald Trump, the move is the latest initiative in Trump's trade steps, bringing the duty on both metals from 25 percent to 50 percent.

However, the tariff on metal imports from Britain will remain at 25 percent, as both sides decide the duty and quota in accordance with the terms of their earlier trade agreement.

This is said in the order

The order states that increasing the previously imposed tariff will provide more support to these industries and reduce or eliminate the national security threat posed by the import of steel and aluminum goods and their derivatives.

President Trump announced his decision to increase tariffs on steel and aluminum while addressing workers at the US Steel plant in Pennsylvania last week. He had said at that time that no one will be able to steal your industry.

It is worth noting that on May 30, 2025, President Trump has increased the import duty on steel and aluminum from the current 25 percent to 50 percent under Section 232 of the US Trade Expansion Act, 1962.

During his first term (year 2018), Trump had increased the import duty on steel to 25 percent and on aluminum to 10 percent. In February 2025, the duty rate on aluminum was also increased to 25 percent.

Steel prices are getting very expensive in America

Last year, India exported aluminum and steel worth $ 4.56 billion to the US. Of this, iron-steel exports worth $ 3.1 billion were made. The demand for Indian steel was increasing in America. The reason is that steel prices are getting very expensive in America. The price of steel in the US is $984 per tonne, while in Europe it is $690 per tonne and in China it is $392.

The price of steel in the US can be $1180

GTRI's study says that the price of steel in the US can be $1180. In India, this price is currently $500-550 per tonne. When the US had earlier imposed duty on steel imports, India had sent a notice to the WTO. Now that the Trump administration has once again increased the duty, it remains to be seen whether India takes cognizance of this and sends a notice to the WTO again or not.