steel, Trump and tariff
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U.S. automakers are underperforming their European and Japanese rivals as a 50% tariff on imported steel and aluminum raises the potential for increased costs to manufacturers at a time when tariffs are already requiring mitigation efforts.
The impact from U.S. President Donald Trump's plan to increase tariffs on steel and aluminium products is likely to be "minor" as India does not export steel to the U.S. "in a big way", federal steel minister HD Kumaraswamy said on Monday.
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