EU Sees €28 Billion Hit From Trump’s Steel and Aluminum Tariffs
- Sefcovic debriefed EU envoys on Friday after his visit to US
- Trump is preparing additional retaliatory tariffs, car duties
Steel coils in storage at a plant in Salzgitter, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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The European Union estimates that the first wave of Donald Trump’s steel and aluminum tariffs will hit as much as €28 billion ($29.3 billion) of the bloc’s exports in what would be a massive escalation in the US president’s trade war.