Donald Trump has started a new trade conflict by placing higher tariffs on steel and aluminum imports.
The European Union (EU) strongly opposes the move and has promised to respond with strict measures.
Ursula von der Leyen, the European Commission President, criticized Trump’s decision, calling the tariffs unfair. She made it clear that the EU will not let this action go without a response.
Maros Sefcovic, the EU trade commissioner, also warned that the tariffs could increase inflation and harm US consumers. He described the move as a “lose-lose” situation but hoped for a solution that benefits both sides.
On February 10, Trump announced a 25% tariff on all steel and aluminum imports. This will affect countries that previously enjoyed duty-free access to the US, including Canada, Mexico, Brazil, and South Korea.
The goal is to help US industries, but experts worry it could lead to a trade war with multiple countries.
The new tariffs will take effect on March 4. Trump also warned that he might impose more tariffs on other industries, such as cars, semiconductors, and medicines.
The White House confirmed that Trump plans to introduce similar tariffs on any country that taxes US goods.
Despite Trump’s confidence, many experts argue that the tariffs could hurt the US economy. Data shows that US aluminum production has dropped in recent years, making the country depend more on imports.
In 2023, imported steel made up about 23% of US steel use, with Canada, Brazil, and Mexico as top suppliers.
Trump had previously threatened tariffs on Canadian and Mexican goods over border security issues, but those plans were delayed after some agreements. Meanwhile, US tariffs on Chinese imports have already led to countermeasures from China, adding to global trade tensions.
The EU is preparing its response, and more countries may also take action. If this situation escalates, it could affect global trade and prices worldwide.
Many are now waiting to see if the US and EU can negotiate a solution before a full trade war begins.
