India-US trade deal: Steep tariffs to stay for steel, copper and aluminium
NEW DELHI/MUMBAI: India’s steel, aluminium, and copper sectors will continue to face steep US tariffs, as these strategic metals remain subject to US’ Sec 232 provisions tied to national security. While the reciprocal tariff on Indian goods has been reduced from 25% to 18%, tariffs on steel, aluminium, and copper remain at 50%, offering no…