EU opposes U.S. plan to increase tariffs on steel and aluminum imports
The European Union has expressed strong opposition to U.S. President Donald Trump’s recent announcement to double tariffs on steel and aluminum imports from 25% to 50%, effective June 4, 2025.
The European Commission stated that this decision adds uncertainty to the global economy, increases costs for consumers and businesses, and undermines ongoing efforts to reach a negotiated solution.
In response, the EU is finalizing preparations for expanded retaliatory measures, which could take effect by July 14 if no agreement is reached.
President Trump announced the tariff increase during a rally in Pennsylvania, citing the need to strengthen domestic metal production and protect U.S. manufacturers from foreign competition. The move coincides with a $14 billion investment partnership between Japan’s Nippon Steel and U.S. Steel, aimed at revitalizing the American steel industry.
The tariff hike has drawn criticism from international partners, including the UK and Canada. UK Trade Secretary Jonathan Reynolds plans to meet with U.S. Trade Representative Jamieson Greer to seek exemption from the increased tariffs, emphasizing the need to protect domestic industries.
Analysts warn that the escalating trade tensions could disrupt global supply chains and negatively impact economic recovery efforts. The EU’s potential retaliatory measures may further strain transatlantic relations and contribute to increased market volatility.
