India Slaps 3-Year Import Tariff on Steel to Fight Cheap Chinese Imports
December 31, 2025
India has announced a three-year import tariff on some steel products starting December 2025. The finance ministry's order imposes a safeguard duty of 12% in the first year, 11.5% in the second, and 11% in the third. This move aims to block cheap steel shipments from China, Vietnam, and Nepal. Imports from certain developing countries are not included, nor are specialty products like stainless steel. The government wants to protect the local steel industry from damage caused by cheap and substandard imports. Earlier this year in April, India imposed a temporary 200-day tariff of 12%. The decision follows a report by the Directorate General of Trade Remedies, which found a "recent, sudden, sharp and significant increase in imports ... causing and threatening to cause serious injury to the domestic industry." This tariff comes amid global trade tensions involving steel, sparked by U.S. President Donald Trump's import tariffs. Other countries such as South Korea and Vietnam have also introduced anti-dumping duties on Chinese steel.
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Tags:
India
Steel Imports
Import tariffs
Safeguard Duty
China
Trade
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