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EU Warns Trump: Steel Tariffs Threaten Global Economy

6/1/2025

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Summary

Story summary

The European Commission has slammed President Trump's move to double steel tariffs to 50%, warning it could spike costs and destabilize the global economy. With a deadline of July 14 looming, the EU is ready to retaliate if a compromise isn't reached. The United Steelworkers union echoed these concerns, highlighting potential job losses in Canada.

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Story summary

The European Commission has slammed President Trump's move to double steel tariffs to 50%, warning it could spike costs and destabilize the global economy. With a deadline of July 14 looming, the EU is ready to retaliate if a compromise isn't reached. The United Steelworkers union echoed these concerns, highlighting potential job losses in Canada.