India's engineering exports face significant headwinds as the US prepares to impose a 50% tariff on steel and aluminium imports, effective June 4, 2025. This move, doubling existing duties, threatens approximately $5 billion in annual exports,

India and the US are accelerating negotiations to conclude an interim trade agreement by late June, aiming to avoid new 26 per cent US tariffs on Indian exports and seeking a full rollback of April 2 tariff hikes.

The United States has rejected New Delhi’s WTO notice dated 9 May, which proposed the suspension of concessions in response to steep import tariffs on steel and aluminium.

The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.When asked if India would have similar arrangement in the proposed trade pact with the 27-nation bloc EU, he said: "The member countries are large investors in india, so we may not go that ground in our FTA with EU."

India to raise concerns on US tariffs at upcoming trade meeting in New Delhi, seeking exemptions and resolution.

Aluminium industry body AAI has expressed concerns that US President Donald Trump's announcement to double tariffs on aluminium imports in that country will hurt the Indian manufacturers who are already under pressure from surging low-cost imports.

Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.

By Bharath Rajeswaran (Reuters) -Indian equity benchmarks fell on Monday, as losses in information technology and metals stocks on U.S. tariff-related uncertainty outweighed optimism from stronger-than-expected domestic growth.

Indian steel industry executives are concerned about potential trade diversion into the country following the US's decision to double tariffs on steel and aluminum imports. JSW Steel and AMNS India emphasize the need for proactive trade measures to protect the domestic industry amidst rising imports and declining exports.