President of the Indian Steel Association criticizes US tariff policy: Abuse of tariffs will "hurt itself"

Recently, the US government has once again taken measures to impose tariffs on imported steel, which has attracted widespread attention from the international steel industry. In response, Nikunj Turakhia, president of the Indian Steel Applications Association, responded by bluntly stating that the US move would "hurt itself" and called on all countries to remain calm and wait and see.

Turakhia pointed out that although the US's abuse of tariffs is intended to protect its own industries, it will actually lead to rising manufacturing costs and declining international competitiveness. "The US's protectionist policies will disrupt the market in the short term, and in the long run will backfire on the stability of its own industrial chain," he said.

He also added that in today's highly globalized market, the circulation of steel products has long transcended national borders, and unilateral policies are difficult to truly solve structural problems.

This speech reflects the vigilance and confidence of developing countries in the changes in the global trade environment. Faced with the turbulent international situation, the Indian steel industry has chosen to maintain strategic focus and take stable development as a response.

It is reported that the United States has repeatedly imposed high tariffs on basic materials such as steel and aluminum in recent years, triggering protests and countermeasures from many countries. Industry insiders believe that such policies could trigger a chain reaction and disrupt the global supply chain.