[SMM Hot Topic] India Plans to Impose 15%-25% Tariffs on Steel Products Imported from China: What Are the Reasons Behind It?

feb 17, 2025, at 6:04 pm

[SMM Hot Topic] India Plans to Impose a 15%-25% Tariff on Steel Products Imported from China—What Is the Reason Behind It? In summary, according to data from China Customs, the volume of steel exported from China to India in 2024 accounted for 2.69% of China's total steel export volume. If India imposes additional tariffs, it will somewhat suppress China's export volume to India, but the overall impact will be limited. Since South Korea and Japan have signed free trade agreements with India, allowing them to enter the Indian market duty-free, based on India's tariff hike on China and the US's tariff hike on all countries, South Korea and Japan may increase their steel export volume to India...

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[SMM Hot Topic] India Plans to Impose 15%-25% Tariffs on Steel Products Imported from China: What Are the Reasons Behind It?

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