Kolkata, India — For the past several years, the United States has been a major market for Aditya Garodia to export more than 100 items of steel derivatives like fasteners from his factory in West Bengal state in eastern India.
But ever since US President Donald Trump took office and unleashed a range of tariffs – 25 percent on steel and aluminium initially, as well as standalone country tariffs – global markets have been on edge, creating significant uncertainty for businesses across sectors.
Garodia, director of Corona Steel Industry Pvt Ltd, told Al Jazeera that as a result of the tariffs, clients have slowed picking up their orders, delaying payments by a month on average, while business in general has slowed as customers adopted a wait-and-watch policy.
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