Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026
The US has resumed tariffs on aluminium and steel, which the EU trade commissioner warns will fuel inflation. The EU seeks a mutually beneficial solution to avoid a global trade war.
BRUSSELS (Reuters) - The United States will be fuelling inflation with its move to resume tariffs on aluminium and steel imports, European Union trade commissioner Maros Sefcovic told the European Parliament on Tuesday.
U.S. President Donald Trump raised tariffs on aluminium and steel to 25% on Monday without exemptions in a bid to revive the flagging American industry, a move that risks sparking a global trade war.
Sefcovic said the tariffs were a lose-lose scenario, but the EU remained committed to finding a mutually beneficial solution with the United States as soon as possible.
(Reporting by Sudip Kar-Gupta; Editing by Makini Brice)
The main topic is the impact of US tariffs on aluminium and steel imports and their potential to fuel inflation.
How does the EU view the US tariffs? The EU sees them as a lose-lose scenario and seeks a mutually beneficial solution.
What are the potential consequences of the tariffs? They could spark a global trade war and increase inflation.
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