LimeLightMake In India

Steel, Aluminum Tariffs by US to Impact India’s Engineering Exports: EEPC

Sharing is caring!

The United States’ move to impose tariffs on certain steel and aluminium imports is likely to impact India’s shipments of engineering items to America, exporters’ body EEPC said today.

Engineering Export Promotion Council (EEPC) Chairman Ravi Sehgal said protectionist measures taken by countries like the US would provoke other regions such as Europe and China into taking retaliatory steps, which would further dent exports from India.

India’s exports of steel items to the US are estimated at about USD 500 million per year. The country’s share in prime steel imports in the US is 1.28 per cent, while in aluminium it is 1.12 per cent.

“Certainly the move by the US would impact India’s engineering exports, maybe not directly but indirectly. The price movement of products would become volatile now,” Sehgal says.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: