India's Steel Secretary, Sandeep Poundrik, stated on Wednesday that the steel industry in India will not be significantly impacted by the new tariffs imposed by U.S. President Donald Trump on steel imports. He explained that India exports less than 100,000 metric tons of steel to the U.S., making the effect of the tariffs minimal. The tariffs, which came into effect on Wednesday, are part of Trump's efforts to adjust global trade norms in favor of the United States. View More

India's steel secretary said on Wednesday that the industry does not see a major impact from tariffs imposed by U.S. President Donald Trump on steel imports as they do not export much steel to the country. "To U.S. we export less than 100,000 metric tons," Sandeep Poundrik told reporters on the sidelines of an event in New Delhi. Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade norms in favour of the United States. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)