Iron Steel and Aluminum exports to the US constitute only 0.29% of India’s total exports. : President Donald Trump announced recently that stiff tariffs will be implemented on steel and aluminum imports into the US. The policy development by the Trump administration remains an idiosyncratic risk. Calls to impose steep tariff on metal products seem to be another instance of what become a trade war going ahead. While markets are edgy and fearful of a situation similar to 2002-03 when equity markets plunged, careful analysis does not suggest any derailment in the revival of the steel and aluminum industry.