A year after ‘Liberation Day,’ Trump sets new drug tariffs, adjusts metals duties

April 3, 2026 1:15 PM

A year after ‘Liberation Day,’ Trump sets new drug tariffs, adjusts metals duties

U.S. President Donald Trump ordered 100% tariffs on certain branded pharmaceutical imports and overhauled steel, aluminum and copper duties on Thursday as his administration sought to move on from the collapse of the broad global tariffs he announced exactly one year ago. The new tranche of tariffs is aimed partly at rebuilding duties lost when the Supreme Court struck them down in February. But they drew criticism from some business groups for adding potential new cost pressures at a time when...

India’s core sector grows 3.7% in December 2025 on higher output of cement, steel and coal

January 20, 2026 6:31 PM

India’s core sector grows 3.7% in December 2025 on higher output of cement, steel and coal

India's eight core infrastructure industries recorded a 3.7 per cent growth in December 2025, supported by higher production of cement, steel, coal, electricity and fertilisers, said the Commerce & Industry Ministry on Tuesday. The Index of Eight Core Industries (ICI), which tracks the performance of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose to 175.7 points in December 2025, compared to 169.4 points in the same month last year. The cor...

Union Minister H.D. Kumaraswamy launches third round of PLI scheme for specialty steel

November 4, 2025 3:17 PM

Union Minister H.D. Kumaraswamy launches third round of PLI scheme for specialty steel

Union Minister for Steel and Heavy Industries H.D. Kumaraswamy on Tuesday launched the third round of the Production-Linked Incentive (PLI) Scheme for Specialty Steel, marking a milestone in India’s efforts to strengthen domestic manufacturing and boost value-added steel production. The PLI Scheme for Specialty Steel, approved by the Cabinet in July 2021, is a flagship initiative under the Atmanirbhar Bharat vision to make India a global hub for high-end steel manufacturing. So far, the schem...

US: Higher metals tariffs kick in as deadline for ‘best’ offers arrives

June 4, 2025 4:15 PM

US: Higher metals tariffs kick in as deadline for ‘best’ offers arrives

The U.S. tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their "best offer" in bids to avoid punishing import tax rates on other goods from taking effect in early July. Late on Tuesday, Trump signed an executive proclamation that puts into effect from Wednesday his surprise announcement last week that he was taking the tariffs on steel and aluminum imports that ha...

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

February 12, 2025 12:59 AM

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the U.S. tariff rate on aluminium to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. The measures, due to take effect ...

Trump raises tariffs to 25% on aluminum and steel imports

February 11, 2025 9:35 AM

Trump raises tariffs to 25% on aluminum and steel imports

President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move to aid the struggling industries but which increases the risk of a multi-front trade war. Trump signed proclamations raising the U.S. tariff rate on aluminum to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. A White House ...

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

February 10, 2025 9:30 AM

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday. He also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to ...

Core sector industries record 4% growth in December

January 31, 2025 10:39 PM

Core sector industries record 4% growth in December

India's eight core sector industries recorded a 4% year-on-year growth in December 2024, driven by increased production in coal, steel, and electricity, according to government data released on Friday. The core industries include coal, natural gas, crude oil, refinery products, fertilizers, cement, steel, and electricity, comprising 40.27% of the Index of Industrial Production (IIP). The growth rate of these industries serves as an indicator of overall industrial growth. With the exception of ...

India initiates anti-dumping probe on some steel imports from China

September 30, 2024 5:58 PM

India initiates anti-dumping probe on some steel imports from China

The Indian government has officially initiated an anti-dumping investigation concerning the import of Cold Rolled Non-Oriented Electrical Steel from China, as per a recent notification from the central government. The application for the investigation was filed by POSCO Maharashtra Steel Pvt. Ltd. and CSCI Steel Corporation India Pvt. Ltd. on behalf of the domestic steel industry. The Directorate General of Foreign Trade indicated that the applicants alleged the imported steel is being sold at ...