president trump announces 25% tariffs on all steel and aluminium imports into the us.

elon musk leads a group of investors in a suprise bid for chat gpt maker — openai. hello and welcome to business today. where president donald trump has carried out his threat he said the 25% levy was "without exemptions" — although he could make an exception for australia. president trump described the new tariffs as quote "the beginning of making america rich again." our business reporter suranjana tewari has more on what the president has announced. this flat 25% "without exceptions or exemptions" are likely to have a big impact on producers of steel and aluminium in asia. japan, south korea, taiwa nare the the biggest exporters

of the metals to the us. vietnam also on that list, we're not when not seeing much of that yet, aluminium was already under 10% tariff but many had been enjoying duty—free imports into the us becausejoe biden had struck deals with exemptions or quota deals, the big question is why is he doing this donald trump and those who work for him so it is to protect us economic and national security and make sure america does not have to rely on foreign nations for critical industries. us trade partners were on terrace will hurt us automakers, shipbuilders and other industries and us distillers also fear that still tariffs could from the eu to raise duties on american whiskey in return. we are expecting these measures to take effect on march four, ultimately it will come down to whether individual countries

can negotiate exemptions to the blanket tariffs. president trump says he will consider handing

president trump says he will consid more ding president trump says he will consid more than $230 from is worth more than $230 so some": ’ if'j from is worth more than $230 so some": ’ if these are to be imposed with to with the comsew§fi§e up to with the conservative leader saying these ::::: if: , 3... ,, a.-. ifthey if iftheéyiwe’refiw " ewen tariffs if they were imposed on australia would damage the bilateral have caused concern in india. following president trump's latest announcement. for more, let's cross to mumbai

is india a large exporter and is india a large exporter and other concerns? mat what other concerns? hat is india a large exporter and - other concerns? what other concerns? not so much for _ is india a large exporter and what other concerns? not so much for _ what other concerns? not so much for steel _ what other concerns? not so much for steel but _ what other concerns? not so i much for steel but aluminium, what other concerns? not so much for steel _ what other concerns? not so much for steel but _ what other concerns? not so i much for steel but aluminium, 12% of 12% of much for steel but aluminium, i2% of india's aluminium and much for steel but aluminium, i2% of india's aluminium and steel are aimed for the us aimed for the us those com-anies are markets and those companies are markets and those companies are worried about a in worried about a drop in exports, but overall, the metal _ieeei exports, but overall, the metal companies both steel and companies are both steel and aluminium are more concerned more "~":—;: 2”; l4“ 22'22! 254 " "' ...... more concerned -e—— about the ripple effect in the the ripple effect about the ripple effect in the global metal are global metal industry. they are tv that j j faring that with trade tv that with 77 that with trade 5 faring that with trade restrictions by one of the restrictions by one of the consumer metal largest consumer metal consumers in the world, there largest consumer metal in the world, there consumers in. the wertd. there be oversupply cehsumers in. the werte. there be oversupply in the would be oversupply in the global market, and a lot of would be oversupplyrin the market, and a lot of alehel market ehe e '»�*~"fif excess steel could make that ééee—ay global market, and a lot of th way, especially the ones way, especially ones w2: from its way, especially the ones from the region by china or the region by china or make vietnam could make its way into 77 make its way into india at cheaper prices. that ell india at cheaper prices. that is a valid because is a valid concern because is a vélilj’tim�*lcer'fl because �* tariffs similar tariffs are on chinese is e vélilj’tim�*lcer'fl because �* tariffs are is a valici'ccmcer'n because �*tariffs are on chinese is a valici'ccmcer'n because " lasts are on chinese is a valici'ccmcer'n because " last year on chinese is a valici'ccmcer'n because �* ' last year led chinese imports last year led to a lot is a valici'ccmcer'n because �* ' last year led to nese is a valici'ccmcer'n because �* ' last year led to a 5se is a valici'ccmcer'n because " last year led to a lot imports last'yearted ta a tat of cheaper chinese steel being cheaper chinese steel being imports last'yearted ta a tat chea into zhinese steel being

imports last'yearted ta a tat imports last year led to a lot chea into ihiner and eel being of cheaper chiner and eel being imports last'yearted ta a tat chea into ihiner and that eing imports last'yearted ta a tat imports last year led to a lot of cheaper chiner and that eing imports last year led to a lot chea into ihiner and that has tapped into india and that has battered domestic steel prices of cheaper chiner and that has tapped into india and that has battered domestic steel prices and also impacted on companies tapped into india and that has bat1 also domestic steel prices tapped into india and that has bat1 also impacted steel prices tapped into india and that has bat1 also impacted on el prices and also impacted on companies in india. despite being the in india. despite being the world �*s largest world �*s second largest world �*s second largest producer last year india producer last year india actually became a net importer preducer test year lhdiee— we ”a e became preducer test year lhdieee eee eee e became a net importer actuatty lastame a het imaertefr’ ’ ”’ f’m” that has been a big and that has been a big concern the domestic industry for the domestic industry which 7 77the7dom7estic irndustryiwhich for the domestic industry which has only been reeling under has only been reeling under pressure points from global basenlg�*eee" reeties eheer —— trade. this was a similar thing that happened during donald trump �*s first term, that time india had done a retaliatory tariff increase, and there was a stand—off only eased out in 2023. we have to wait and watch what the conversations between prime minister modi and donald trump when it happens and the industry as all eyes on the stop. and one extra line to bring

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and one extra line to bring you on reactil non—profit hire te fuhe a qsq�*e’e’efib' on developing ai hire te fuhe a qsq�*e’e’efib' on developing al to focused on developing al to benefit but was benefit humanity, but it was now focused on making money. " ”wflnihd'efispénww " ”wflnihd'efi sp'gnx. w wwwwwwfwounder spénhi hath in 2015 but left altman in 2015 but left before the company took off. china says the country's three largest telecom companies are working to embed deepseek into their devices. grew 7% in 2024, breaking a two—year slump. runar bjorhovde is a senior analyst from canalys in the uk. features in phones.

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