Finance
EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: February 24, 2026
Tags:International trade
Quick Summary
EU officials expect the U.S. to scale back tariffs on goods that contain steel and aluminum within weeks. Commodity-grade metal duties would stay in place, and broader talks remain uncertain after a Supreme Court ruling on emergency tariff powers.
EU expects U.S. to ease tariffs on goods containing steel, aluminum soon
Planned Tariff Easing and Trade Context
(Adds dropped word in headline)
Feb 24 (Reuters) - European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Scope: Goods vs. Commodity Metals
The planned changes would not affect tariffs on commodity-grade forms of the metals, the report said.
Verification Status
Reuters could not independently verify the report.
Legal Backdrop: Supreme Court Ruling
The potential move comes as broader trade negotiations face renewed uncertainty after a U.S. Supreme Court ruling limited the administration's ability to invoke emergency powers to impose sweeping "reciprocal" tariffs, clouding prospects for a comprehensive agreement between Washington and Brussels.
Reporting and Editing Credits
(Reporting by Dagmarah Mackos. Editing by Mark Potter)
Key Takeaways
- •EU officials expect the U.S. to narrow tariffs on goods containing steel and aluminum within weeks.
- •Planned changes would not affect tariffs on commodity-grade steel and aluminum.
- •Any easing could lower costs for manufacturers importing metal-containing products.
- •Broader EU–U.S. trade talks face uncertainty after a Supreme Court ruling limited emergency powers for ‘reciprocal’ tariffs.
- •The report originates from Bloomberg; Reuters has not independently verified it.
Frequently Asked Questions about EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
1What is the main topic?
EU officials expect the U.S. to narrow tariffs on goods containing steel and aluminum within weeks, potentially easing transatlantic trade tensions while leaving base metal tariffs unchanged.
2Will tariffs on raw steel and aluminum change?
No. The reported adjustments would target goods that contain steel and aluminum. Tariffs on commodity-grade forms of the metals are expected to remain in place.
3Why is there uncertainty around broader trade talks?
A recent U.S. Supreme Court ruling limited the administration’s ability to use emergency powers to impose sweeping ‘reciprocal’ tariffs, clouding prospects for a comprehensive EU–U.S. agreement.
