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    Home > Headlines > US tariffs are lose-lose scenario and will fuel inflation, says EU trade commissioner
    Headlines

    US tariffs are lose-lose scenario and will fuel inflation, says EU trade commissioner

    Published by Global Banking & Finance Review®

    Posted on February 11, 2025

    1 min read

    Last updated: January 26, 2026

    Image of EU trade commissioner Maros Sefcovic addressing the European Parliament about US tariffs on aluminium and steel, emphasizing the inflationary risks and potential for a global trade conflict.
    EU trade commissioner Maros Sefcovic discusses US tariffs impact on inflation - Global Banking & Finance Review
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    Quick Summary

    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.

    US Tariffs Could Fuel Inflation, Warns EU Trade Commissioner

    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)

    Key Takeaways

    • •US resumes tariffs on aluminium and steel imports.
    • •EU trade commissioner warns of inflation risks.
    • •Tariffs seen as a lose-lose scenario.
    • •EU seeks a mutually beneficial solution with the US.
    • •Potential for a global trade war.

    Frequently Asked Questions about US tariffs are lose-lose scenario and will fuel inflation, says EU trade commissioner

    1What is the main topic?

    The main topic is the impact of US tariffs on aluminium and steel imports and their potential to fuel inflation.

    2Another relevant question?

    How does the EU view the US tariffs? The EU sees them as a lose-lose scenario and seeks a mutually beneficial solution.

    3Third question about the topic?

    What are the potential consequences of the tariffs? They could spark a global trade war and increase inflation.

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