22 hours ago · European Commission head von der Leyen said she deeply regretted the U.S. decision, adding that tariffs were taxes that were bad for business and worse for consumers. EU steel exports to the U.S ...

1 day ago · The EU steel industry is already shrinking, with production hitting its lowest level in 2023. The tariffs on exports of about 3.7mn tonnes a year will hit it hard, said Axel Eggert, director ...

20 hours ago · Former President Joseph R. Biden Jr. had worked out an agreement with European leaders in 2021 that allowed specific amounts of steel and aluminum to enter the United States free of tariffs.

1 day ago · US tariffs are the last thing the EU’s battered steel industry needs. “We are deindustrialising while we are speaking,” industry boss Axel Eggert tells Andy Bounds .

Feb 3, 2025 · Feb. 11 6:00 a.m. EST Ursula von der Leyen, the President of the European Commission, issued a statement expressing regret about the U.S.’s decision to “impose tariffs on European steel and ...

2 days ago · During his first term, Trump put tariffs of 25% on steel imports and 10% on aluminium imports from Canada, Mexico and the European Union. ... Trump said that tariffs on the EU would come "pretty ...

1 day ago · The European Union vowed to respond to 25% tariffs President Donald Trump said the US will impose on steel and aluminum imports, escalating a potential trade dispute with one of Washington’s ...

1 day ago · In 2018, after Trump imposed tariffs on 6.4 billion euros of EU steel and aluminium imports, the EU hit back with its own duties on 2.8 billion euros of U.S. products.

2 days ago · The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week.

Jun 25, 2024 · It takes the form of Tariff-Rate-Quotas (‘TRQs’) reflecting traditional trade flows, above which a 25% duty is levied on imports. Since July 2019 the TRQ level has increased by over 25% on account of liberalisation.