Trump Announces 25% Tariffs on Steel and Aluminum Imports

The EU warns of retaliation and economic risks as the U.S. plans widespread import tariffs, affecting global trade relations.

U.S. President Donald Trump declared 25% tariffs on steel and aluminum imports, with no exemptions for countries, including Canada and Mexico.
The European Union criticized the tariffs as unjustified and potentially illegal, warning of economic disruptions and inflationary pressures in the U.S.
France and Germany signaled readiness for EU countermeasures, referencing past responses to similar tariffs during Trump's first term.
German steel giant Thyssenkrupp stated the tariffs would have minimal impact on its business, as most of its steel exports target European markets.
Economists fear the tariffs could escalate into a broader trade conflict between the U.S. and EU, potentially harming industries like automotive manufacturing.