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2w ago

US to impose 50% tariffs on steel and aluminium from June 4, EU warns of countermeasures

Chancellor Friedrich Merz travels to Washington to press for tariff relief, with Brussels readying punitive measures, exploring service-sector negotiations.

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Außenminister Johann Wadephul (CDU) in Washington nach dem Treffen mit seinem US-Amtskollegen
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Overview

  • President Donald Trump announced that steel and aluminium tariffs will rise from 25% to 50% from June 4 to bolster US metal producers and national security.
  • The European Commission has denounced the increase as disruptive to negotiations and is poised to implement retaliatory duties of 10–25% on targeted US goods.
  • EU officials plan to broaden trade talks by including services in a bid to achieve a more balanced agreement with Washington.
  • Germany, which shipped about one million tonnes of steel to the US in 2023, stands among the EU exporters most exposed to the higher levies.
  • Chancellor Friedrich Merz visits Washington on June 5 to press President Trump for tariff relief and head off an escalation of transatlantic trade tensions.