US President Donald Trump has implemented a 25% tariff on steel and aluminum imports, effective immediately, in a bid to enhance factory jobs in the United States. The move, which also includes an increase in aluminum tariffs to 10%, has raised concerns in the market. The removal of exemptions and the heightened tariffs could potentially impact Indian steel manufacturers and lead to trade disputes on the global stage. However, domestic steel producers in the US stand to gain from the higher prices and increased market access resulting from these protective measures.