US EditionEuropean Steel Sector on High Alert Amid Slow-Moving Trade Negotiation
- The EU steel sector faced intensified pressure on June 4, 2025, as the US doubled tariffs on steel and aluminium to 50 percent during negotiations in Paris.
- This escalation followed trade disputes linked to US investigations and tariff threats, with both sides exchanging rejected proposals two weeks earlier.
- EU Trade Commissioner Maros Sefcovic met US Trade Representative Jamieson Greer at the OECD ministerial, acknowledging some progress despite the tariff increase.
- Sefcovic emphasized that raising tariffs at a time when progress is being made does not aid the negotiations, while US tariffs threaten to redirect 27 million tonnes of steel towards the European market.
- The tariff hike threatens deeper trade conflict and market disruptions, forcing the EU to prepare defenses and seek technical talks to break the deadlock.
11 Articles
11 Articles
The US has increased its import duties on steel and aluminium from 25 percent to 50 percent. The EU Commission described the recent increase as regrettable and warned that this would undermine the ongoing efforts to find a negotiated solution. Trade Commissioner Sefcovic, however, was confident.
European steel sector on high alert amid slow-moving trade negotiation
The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.
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With the increase in general import tariffs on steel products imposed by the US to 50%, the only way to avoid further erosion of the European steel market and a new blow to European steel producers is the rapid implementation of the "highly effective trade measure" promised by the European Commission in the "Action Plan for [...] The article EU Steel Products Association: "Without urgent measures we will be invaded by cheap foreign steel" appear…
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