Bloomberg: EU could lose at least 28 billion euros due to US tariffs
The European Union may lose at least 28 billion euros due to the duties imposed by US President Donald Trump on the import of steel and aluminum into the United States. This is reported by Bloomberg, citing sources.
12.03.2025
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đ Summary
The European Union may lose at least 28 billion euros due to the duties imposed by US President Donald Trump on the import of steel and aluminum into the United States. This is reported by Bloomberg, citing sources.
The number of products subject to U.S. tariffs, including steel and aluminum derivatives, could be four times higher than the last time Trump targeted the blocâs steel sector. The EU estimates that the first wave of duties will cause damage to the amount of at least 28 billion euros for exports. âAt least 28 billion euros in damage could be a serious escalation in the US presidentâs trade war,â the agency said in a statement. On February 11, Trump signed an executive order imposing duties on steel and aluminum imports at a rate of 25% for all foreign suppliers. French President Emmanuel Macron urged the head of the White House not to harm the European Union with its tariff policy. However, he believes that the introduction of duties on imported goods can allow the country to completely abandon income tax in the future.
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