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of <h1>US Considers Major Steel and Aluminum Import Tariff Hike Threatening $5 Billion in Indian Engineering Exports</h1> A proposed 50 percent tariff increase by the US on steel and aluminum imports could significantly impact India's engineering exports, potentially affecting USD 5 billion in annual shipments. The existing 25 percent tariff has already created challenges for Indian exporters, disrupting trade flows and global competition. Industry representatives suggest seeking a tariff exemption during ongoing bilateral trade negotiations.
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