As two-way trade expands, India’s surplus is growing. President Trump is expected to press Prime Minister Narendra Modi to lower tariffs.

European Union trade ministers will hold an unscheduled video conference on Wednesday to discuss the bloc's response to impending U.S. steel and aluminium tariffs, EU diplomats said on Tuesday. U.S. President Donald Trump signed proclamations late on Monday to raise tariffs on all steel and aluminium imports to 25% without exceptions or exemptions.

The European Union vowed to respond to 25% tariffs President Donald Trump said the US will impose on steel and aluminum imports, escalating a potential trade dispute with one of Washington’s closest allies.

The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to higher prices.

After slapping 25 per cent tariffs on steel and aluminum , U.S. President Donald Trump is now threatening to cripple Canada’s auto industry with tariffs of up to 100 per cent. In an interview with FOX News that aired on Monday ,

Canadian Prime Minister Justin Trudeau called President Trump’s tariffs on steel and aluminum imports “entirely unjustified” and said the country would respond “if it comes to that.” “Tariffs on Canadian steel and aluminum would be entirely unjustified,

Ford CEO Jim Farley did not mince words with Wall Street on Tuesday, describing the impact from a lasting 25% tariff as being "devastating."

President Trump, soon after unveiling new levies on steel and aluminum, said he will be "looking at" potential tariffs on the auto sector.

President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley.