European Union has expressed concerns over the possibility of a tariff hike from the U.S. on steel and aluminum products
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European Union officials are deeply concerned that the U.S. may violate the current trade agreement between the two jurisdictions by hiking tariffs on steel and aluminum products. European Union officials have raised concerns about a potential U.S. move to expand the list of EU products subject to higher tariffs on steel and aluminum. The concerns center on the U.S. potentially destroying the trade agreement it recently signed. Anonymous sources say Maros Sefcovic, the EU’s trade chief, is expected to raise the concern with U.S. Commerce Secretary Howard Lutnick when the two meet in Brussels on November 24th. U.S. may violate current trade agreements with the EU, anonymous sources reveal EU warns on potential US steel tariff expansionEU officials are raising concerns that a potential expansion of US tariffs on EU steel and aluminum would undercut the spirit of their recent trade agreement, especially the agreed-upon 15 percent tariff ceiling. Brussels is… pic.twitter.com/BENmAxwaqS — Danny Naz (@ThePupOfWallSt) November 17, 2025 Bloomberg reported receiving tips from anonymous sources that the EU is concerned the U.S. may revise tariff regulations on EU products to a higher level. U.S. President Donald Trump and European Commission President Ursula von der Leyen agreed to eliminate the bloc’s tariffs on U.S. products. They set a 15% tariff limit on most EU products shipped to the U.S. The nations agreed on the current tariffs to restore a trade balance and create a predictable environment for businesses and governments on both sides. The European Union still faces a 50% tariff on aluminum and steel products, and the list now exceeds 400 items. The EU argues that the list of these items is challenging and could attract similar moves in other sectors. The officials are deeply concerned that the range of goods affected by the tariffs and the potential for higher…
Filed under: News - @ November 17, 2025 8:27 pm