US top market for India’s aluminium, new tariffs threaten $1-billion exports

News Snapshot:

The Donald Trump administration’s decision to raise tariffs on aluminium imports from 10 to 25 per cent starting March 12 is set to hit Indian exporters, for whom the United States has become the largest international market for aluminium products. In 2023-24, India’s aluminium exports to the US stood at $946 million (Rs 7,831 crore), after exceeding $1 billion in each of the previous two financial years, according to official trade data. Exports have surged in recent years, up from just $350 million in 2016-17, when Trump began his first term as US President. While India accounts for only 3...