trade war - Latest news GMK Center

German Chancellor calls agreement painful for European industry

At the same time, the US president gave Mexico another 90 days to work on the agreement

The company is ramping up production in the US to mitigate the impact of tariffs and maintain market share and profitability

Seoul has committed to investing $350 billion in the US, while Washington has agreed to reduce the threat of tariffs on Korean goods

The lack of clear conditions continues to affect the European and Spanish steel industries

The industry demands fair trade conditions and protection from excessive imports

Despite the efforts of the European Commission, 50% tariffs on steel remain in place and threaten exports and production in the EU

The parties have agreed on a fixed duty, the abolition of tariffs on strategic goods, and new energy agreements

The bloc could quickly impose 30% tariffs on US goods worth around €100 billion

US tariffs of 50% on steel and aluminum imports are not part of the agreement

Exports of square billets from China increased fourfold in the first five months of 2025

A 30% duty on imports from Europe threatens supply chains for EAF steel mills