Trade conflict: What do Trump's steel tariffs mean for Germany?
Reading time: 3 min.
|The US President wants to significantly increase import prices. The EU Commission is angry, after all, negotiations with Washington are currently underway. This would be a severe blow to the industry – yet again.
The stage is set up in a dimly lit factory hall, with huge rolls of sheet steel lined up to the right and left, and helmets and bright red work jackets visible in the audience: Donald Trump delivered his latest attack in the trade war at a steel mill in the US state of Pennsylvania, with live television coverage . The American president threatened to double tariffs on steel and aluminum imports starting this Wednesday, from 25 to 50 percent. This is intended to protect the domestic steel industry from foreign competition – and to increase pressure on governments to accommodate Trump in the trade dispute.
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