Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleEU 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.
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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.
The planned changes would not affect tariffs on commodity-grade forms of the metals, the report said.
Reuters could not independently verify the report.
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 by Dagmarah Mackos. Editing by Mark Potter)
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.
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.
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.
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