Following U.S. President Trump's decision to impose high trade tariffs on steel imports, the repercussions are being felt in unexpected ways in Bengaluru, India. The 25% tariff on steel imports is expected to lead to the dumping of cheap steel in countries like India, as it becomes too expensive for countries such as China and South Korea to export to the U.S.
While this may benefit small Indian companies like Sun Techpro Engineering, which rely on steel for their products, concerns have been raised by the Indian Steel Association about the potential for steel dumping in India. The increased competition could impact India's efforts to produce steel more sustainably, as the current production methods contribute significantly to greenhouse gas emissions.
