Market Data
June 30, 2023
CRU Aluminum: Trade Deal Opens US to More Shipments from India
Written by Matthew Abrams
The United States and Indian governments have agreed to terminate six disputes at the World Trade Organization (WTO). Benefits from the settlement include opening the US to more shipments of steel and aluminum made in India, according to New Delhi.
“As a part of the agreement, the US has agreed to grant market access to steel and aluminum products under the exclusion process of Section 232 of the Trade Expansion Act 1962,” the Press Trust of India quoted India’s commerce ministry as saying. That is reference to the 25% import tariffs on steel and 10% on aluminum imposed by then-President Donald Trump in 2018.
