Donald Trump’s latest move to cost India Rs 38000000000 due to…, Modi govt preparing to retaliate by…

Trump tariffs: In his most trendy spherical of tariffs, US President Donald Trump has doubled import tasks on metallic and aluminum, a lunge that may beget major impact on India’s metallic exports. As per a file by the World Replace Study Initiative, Trump’s imposition of double tariffs on metallic and aluminum exports, may negatively impact India’s metallic exports value $4.56 billion (around Rs 38,000 crore) to the US.

Trump tariffs to impact India’s $4.56 billion metallic exports to US

As per reputable facts, India exports metals, alongside side metallic and aluminum-associated goods, value an complete of $4.56 billion to the US in FY2025, $587.5 million value of iron and metallic,  $3.1 billion in iron or metallic merchandise, and $860 million of aluminum and associated merchandise.

However, after Trump’s most trendy tariff announcement, these Indian goods will opt to pay and extra 50 p.c import tax, which is succesful of make them dearer within the US markets, thus impacting the competitiveness of Indian companies, whose companies are likely to take successful as native firm will outsell them.

Trump tariffs pose environmental threat

The GTRI file warns that Trump’s are no longer only a threat to global alternate, but moreover the ambiance, for the reason that originate and smelting of metals treasure metallic and aluminum generates huge amounts of poisonous gases treasure carbon dioxide, and its spinoff gases.

However, in response to experts, Donald Trump, who has openly denied climate trade and global warning on several times, doesn't seem to care about these environmental factors, and is vehemently prioritising his “The USA First” policy, part of which goals to elevate help manufacturing to the US.

How India is responding?

In step with media reports, India has approached the World Replace Organization (WTO) in opposition to Donald Trump’s most trendy tariffs, and is believed that the Top Minister Narendra Modi-led government is mulling to impose retaliatory tariffs in response.

On Saturday, Donald Trump, citing “national security” factors, raised the tariffs on metallic and aluminum imports into the US from 25 p.c to 50 p.c. The new tariffs will come into type from June 4, 2025.