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US Tariff Doubling Cut EU Steel Exports by 34%, Steel Body Says
04-Jun-2026
EU steel exports to the U.S. have fallen by 34% since Washington hiked tariffs to 50%, with higher duties on derivative products such as washing machines and motorbikes also hitting European demand, steel industry association Eurofer said on Thursday.
Steel exports to the U.S. fell to 1.94 million metric tons in the three quarters since the Trump administration doubled import tariffs on steel and aluminium from 25% a year ago.
European Union producers exported 3.4 million tons to the United States in 2025, compared with 4.1 million tons in 2024 and 4.7 million tons in 2017, Eurofer said.
Eurofer said it was important the EU and the U.S. carried out their trade deal struck last July in full.
That agreement, struck at President Donald Trump's Turnberry golf course in Scotland, sets out that the EU should remove its duties on most U.S. goods imports in return for a broad 15% U.S. tariff on EU exports.
It also said the two sides should discuss possible tariff-free steel and aluminium quotas and cooperation to address global overcapacity.
News Source:- https://money.usnews.com/investing/news/articles/2026-06-03/us-tariff-doubling-cut-eu-steel-exports-by-34-steel-body-says
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