To counter U.S. tariffs and European carbon taxes, Indian billionaire industrialist and steel tycoon Sajjan Jindal is hoping for the government to impose similar taxes to level the playing field for Indian companies. "Each region is considering their own protective measures. The U.S. has an import tariff on steel. Europe has the Carbon Border Adjustment Mechanism (CBAM). The European Union is subsidizing or supporting their own industry by providing a lot of money, while companies in other regions are not getting this subsidy support. I hope India will also put up non-tariff barriers or steel import barriers," Sajjan said in an interview.