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Klingbeil Calls Steel Summit To Bolster German Steel Under 50% U.S. Duties

The vice chancellor urges quota relief or lower duties in response to 50% U.S. steel tariffs left outside the broader 15% deal.

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Overview

  • Lars Klingbeil proposes a rapid meeting with company leaders and works councils to map support for the sector, including lower energy costs.
  • He presses EUU.S. negotiators for “low tariffs or high quotas” specifically for steel to ease the trade hit.
  • Klingbeil argues U.S. industries such as aircraft manufacturing rely on high‑quality German steel.
  • He faults the von der Leyen–Trump accord for leaving the 50% steel and aluminium duties intact, which von der Leyen defends as a stabilizing compromise.
  • The United States maintains 50% tariffs and has extended them to metal content in products, while both sides say they will work on quota mechanisms that could lower rates for part of trade.