The Indian government will ‘wait and watch’ how the?Trump Administration’s 25 percent tariff on steel and steel products affects domestic business and only then devise a counter-strategy, minister for steel and heavy industries, H.D. Kumaraswamy, said in a statement on Wednesday, March 5.

There is no clarity on the nature of the tariffs to be imposed by the US and India’s strategy will be ready once the details are known, he said.

Domestic steelmakers and experts have contended that this US trade barrier hike is likely to encourage steel dumping into India, as it is one of the few jurisdictions with minimal trade restrictions on the metal.

However, Sandeep Poundrik, secretary of the ministry of steel, had stated earlier that this tariff is unlikely to have a major impact on India, as the country\'s domestic demand for steel is robust and only a fraction of Indian-made steel is exported to the US.

“The Indian Steel Association (ISA) expresses deep concern over the US decision to impose tariffs on steel imports. This latest tariff is expected to slash steel exports to the US by 85 percent, creating a massive surplus that will likely flood India, which is one of the few major markets without trade restrictions presently,” said Naveen Jindal, president of the ISA and chairman of Jindal Steel and Power Limited (JSPL), said.

【以下为机器翻译结果，仅供参考阅读】

印度钢铁和重工业部长H.D.Kumaraswamy在3月5日周三的一份声明中表示，印度政府将“观望”特朗普政府对钢铁和钢铁产品征收25%的关税对国内企业的影响，然后再制定应对策略。

他说，美国将征收的关税的性质尚不清楚，一旦知道细节，印度的战略将准备就绪。

国内钢铁制造商和专家认为，美国提高贸易壁垒可能会鼓励钢铁倾销到印度，因为印度是少数几个对金属贸易限制最小的司法管辖区之一。

然而，钢铁部部长Sandeep Poundrik早些时候表示，这一关税不太可能对印度产生重大影响，因为该国国内对钢铁的需求强劲，只有一小部分印度制造的钢铁出口到美国。

“印度钢铁协会（ISA）对美国对进口钢铁征收关税的决定深表关切。这一最新关税预计将使对美国的钢铁出口削减85%，造成巨大的顺差，可能会淹没印度，印度是目前少数几个没有贸易限制的主要市场之一，”ISA主席、金达尔钢铁电力有限公司（JSPL）董事长Naveen Jindal表示。