Last year, former President Donald Trump implemented significant tariffs on steel and aluminum imports into the U.S., imposing a 50% tariff on these materials from various global partners. Following a trade agreement made last year, the U.S. agreed to a 15% tariff on most EU goods, but steel and aluminum were excluded from this arrangement. According to official EU data released by the European steel industry group "Eurofer," exports to the U.S. in the second half of last year were down 30% compared to the same period in 2024, which they attribute directly to Trump's tariffs.

In August, Trump further extended tariffs to several hundred products containing steel or aluminum, raising concerns about even greater negative impacts on European manufacturers, particularly those producing machinery and other metal-intensive goods. This escalation of tariffs underscores the tense trade relationship between the U.S. and the EU, and highlights the necessity for fair trade agreements that consider the interests of all parties involved.

Eurofer's announcement points to the urgent need for dialogue between the U.S. and EU to mend trade relations and potentially alleviate the financial strain on European exporters. As Trump’s trade policies continue to influence international trade dynamics, the long-term consequences for both American and European economies remain to be fully understood, particularly as they navigate complex supply chain challenges and strive for mutual sustainability in trade.