(Reuters) -Indian shares opened lower on Tuesday, tracking Asian peers after U.S. President Donald Trump said his proposed tariffs would go into effect as planned. The Nifty 50 fell 0.64% to 21,979.85 by 9:15 a.

The recently announced U.S. tariffs on steel imports mean that countries like China, which export to the U.S., will need to find new markets — and that could lead to steel dumping in places like India.

Economist Swaminathan Aiyar has said that India could also feature on Trump's tariff list. But he said that tariffs impact on India would to be very little as India is not a very big market exporter to the USA compared with various others.

India's benchmark indexes are set for a muted open on Tuesday, while other Asian markets slumped after U.S. President Donald Trump said his proposed tariffs would go into effect as planned.