EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%

EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%


President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania.

Jeff Swensen | Getty Images

The European Union on Saturday criticized President Donald Trump’s move to double tariffs on steel imports, warning that it “undermines” efforts to reach a “negotiated solution” in the ongoing trade war.

“We strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%,” an EU spokesperson said in a statement to NBC News.

“This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” the spokesperson continued.

Read more CNBC politics coverage

The spokesperson added that the EU is “prepared to impose countermeasures, including in response to the latest U.S. tariff increase.”

Trump on Friday announced that he planned on doubling tariffs on steel imports to 50% from 25%, increasing the pressure on manufacturers dependent on industrial metals for production.

The new import duties are set to go into effect June 4.

His announcement, made at a rally at U.S. Steel in Pennsylvania, came after the president signaled earlier this month that he would approve a controversial deal between Nippon Steel and U.S. Steel.

Trump highlighted an “agreement” between Nippon and U.S. Steel during the Friday rally, but said that the deal was not yet final.

He said that there will be no layoffs and “no outsourcing whatsoever” due to the deal.

The EU, which said that it had paused its countermeasures against the U.S. on April 14 “to allow time and space” for negotiations, said it is prepared to instate those measures “if no mutually acceptable solution is reached.”

“The European Commission is currently finalizing consultations on expanded countermeasures,” the spokesperson said. “If no mutually acceptable solution is reached, both existing and additional EU measures will automatically take effect on 14 July — or earlier, if circumstances require.”

The United Steelworkers union (USW) also criticized Trump’s announcement and said it is a “direct attack on Canadian industries and workers.”

“Thousands of Canadian jobs are on the line and communities that rely on steel and aluminum are being put at risk,” Marty Warren, United Steelworkers National Director for Canada, said in a statement.

“Canada needs to respond immediately and decisively to defend workers.”



Source

China says the U.S. undermined Geneva trade deal after Trump accuses Beijing of violations
Politics

China says the U.S. undermined Geneva trade deal after Trump accuses Beijing of violations

The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between […]

Read More
Elon Musk says he doesn’t ‘want to take responsibility for everything the administration’s doing’
Politics

Elon Musk says he doesn’t ‘want to take responsibility for everything the administration’s doing’

Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images President Donald Trump lauded billionaire Elon Musk on Friday as the Tesla CEO wrapped up his time in government service after four […]

Read More
Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
Politics

Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]

Read More