New US tariffs threaten India's aluminium exports

India's aluminium exports to the US reached $946 million in 2023-24, down from over $1 billion in previous years. The US has become India's largest aluminium market, but new tariffs of 25% on imports threaten this growth. The tariffs, effective March 12, cover a broader range of aluminium products than previous measures. While India accounts for only 3% of US aluminium imports, it is the largest supplier of aluminium conductors, which are crucial for electrical applications. Despite the tariffs, Indian exporters have seen demand for aluminium conductors rise, particularly in states like California and Texas. The overall impact on India's aluminium industry is expected to be limited, as exports represent a small portion of total business for most companies.