Overview

• The administration announced tariffs on all steel and aluminum imports will rise from 25% to 50% beginning June 4, 2025.
• Trump said the higher duties are intended to strengthen domestic metal industries and protect American jobs.
• The European Commission formally expressed regret and is preparing countermeasures against U.S. exports.
• Spain faces potential losses on more than €530 million in annual steel and aluminum shipments to the United States.
• Analysts warn the steeper levies could give U.S. producers pricing power and further escalate global trade tensions.