On February 9, 2025, President Donald Trump announced a 25% tariff on steel and aluminum imports, reviving a trade policy aimed at protecting American manufacturers and reducing the trade deficit. The tariffs will affect imports from key trade partners such as Canada, Mexico, Japan, South Korea, and Germany. According to the administration, the measure is designed to strengthen domestic production and reduce dependency on foreign metal supplies.
Indian Prime Minister Narendra Modi is preparing additional tariff reductions ahead of his upcoming meeting with former President Donald Trump, a move aimed at increasing American exports to India and preventing potential trade tensions, according to government officials.
