Trump’s tariffs hit 10 nations hard—India among worst affected

Donald Trump has imposed a 25% tariff on all steel and aluminium imports, disrupting global trade. This move will hit the top 10 suppliers to the U.S., forcing economic adjustments. India, ranked No. 8, faces serious challenges.

Canada – $25.26 Billion

Canada, the largest exporter, will feel the biggest impact. Its industries and policymakers may push for exemptions or retaliate with trade measures.

China – $13.86 Billion

China, already locked in trade tensions with the U.S., now faces more pressure. This could accelerate China’s shift to alternative export markets.

Mexico – $13.28 Billion

Mexico’s steel and aluminium industries are deeply tied to the U.S. through USMCA. Higher tariffs could increase production costs for manufacturers operating in both nations.

South Korea – $5.71 Billion

South Korea, a key supplier to auto manufacturers like Hyundai and Kia, may struggle. Rising costs could push automakers to raise prices or shift production.

Brazil – $4.87 Billion

Brazil’s economy relies on steel exports. These tariffs could slow its mining and manufacturing sectors, prompting Brazil to seek new trade partnerships.

Germany – $4.49 Billion

Germany’s advanced steel industry depends on U.S. exports. The new tariffs could slow industrial growth and increase costs for its engineering and automotive firms.

Taiwan – $4.38 Billion

Taiwan supplies specialty steel and aluminium. The tariffs may force manufacturers to find new markets or absorb higher costs.

India – $4 Billion

India faces a tough road ahead. The tariffs could:

• Slow exports to a key market.
• Raise production costs for manufacturers reliant on U.S. imports.
• Push India to expand trade with Europe and Southeast Asia.

However, India might gain if U.S. buyers seek alternatives to China and Canada.

Japan – $3.22 Billion

Japan exports high-tech steel and aluminium. The tariffs may make its products too expensive, reducing demand in the U.S.

Italy – $2.73 Billion

Italy, a major European exporter, could suffer from reduced U.S. demand. The EU might retaliate, escalating trade tensions.

What’s Next?

These 10 nations must now adapt. Some may seek exemptions, others could retaliate, while India and others may focus on trade diversification. As global trade shifts, manufacturers and consumers will feel the impact in the coming months.