05/02/2026
ALEMAI gives its views on the finalization of the U.S.–India trade deal.
Finalization of the trade deal between USA and India is very good news. The uncertainty and confusion that had been prevailing for quite some time will be cleared. This will remove the distraction from the trade and industry world and India's development journey will gain more speed... We congratulate Shri ji for his acumen, foreign trade policy, patience, decisiveness and wise policies.
The recent U.S.-India trade deal reducing reciprocal tariffs to 18% (down from 25%) mainly benefits specific sectors like textiles and electronics, but iron, steel, and aluminium are generally expected to continue facing high U.S. Section 232 duties of 50%. While the broader deal provides relief to other industries, it does not currently remove the high-duty burden on these core metal industries.
Therefore, while the 18% tariff is a positive development for many Indian exports, the iron, steel, and aluminium sectors are still facing elevated tariffs.
Chopra Jitendra H.
PRESIDENT
Aluminium Extrusion manufacturers association of india (ALEMAI)