US EditionEU Poised to Counter U.S. Steel Tariff Hike with New Measures
- President Donald Trump announced at a May 30, 2025 rally near Pittsburgh that steel and aluminum tariffs will double on June 4, 2025.
- This announcement followed conflicting court rulings on his customs policy and signals amid plans for a Nippon Steel partial investment in U.S. Steel.
- The EU, Canada, Mexico, South Korea, and Brazil face increased tariffs, with the EU having postponed retaliatory duties until mid-July to allow negotiations.
- A European Commission spokesperson said, "We strongly regret" the tariff increase from 25% to 50%, warning it "adds further uncertainty to the global economy."
- If no mutually acceptable solution arises, the EU will activate existing and additional countermeasures by July 14 or earlier if needed.
57 Articles
57 Articles
Donald Trump's tariffs have caused widespread chaos – but also a "golden opportunity" for the euro, writes the Telegraph. - This is a great opportunity for Europe, says EU chief Christine Lagarde. Her hope is that the euro will take over from the dollar as the global reserve currency – but she is being pushed back by experts.
The European Commission said today that it will make strong arguments in negotiations with the United States this week for the reduction or elimination of tariffs, after US President Donald Trump said he would double import tariffs on steel and aluminum to 50 percent.
EU Pushes U.S. To Cut Steel And Aluminum Tariffs
The European Commission is gearing up to press the United States this week to reduce or eliminate tariffs on steel and aluminum, even after President Donald Trump said he would double import duties to 50%. Good call with @POTUS.The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.— Ursula von der Leyen (@…
EU Warns It Could Accelerate Retaliatory Tariffs Over US Duties
The European Union is preparing for another round of trade talks with the US and warned that it may speed up retaliatory measures if President Donald Trump follows through on his tariff threats, the latest of which includes a 50% levy on steel and aluminum imports.
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