en.Wedoany.com Reported - The European Steel Association (Eurofer) said on Thursday that EU steel exports to the US have fallen by 34% since the US raised steel tariffs to 50%, while high tariffs on related goods such as washing machines and motorcycles have also negatively impacted European demand.
In the three quarters following the Trump administration's doubling of steel and aluminum import tariffs from 25% a year earlier, EU steel exports to the US fell to 1.94 million tons. Eurofer data shows that in 2025, EU producers exported 3.4 million tons of steel to the US, compared to 4.1 million tons in 2024 and 4.7 million tons in 2017.
Eurofer noted that it is crucial for the EU and the US to fully implement the trade agreement reached in July last year. The agreement, struck at US President Donald Trump's golf course in Turnberry, Scotland, in July, required the EU to eliminate tariffs on most US imports in exchange for the US imposing a broad 15% tariff on EU exports. Both sides also agreed to discuss the possibility of tariff-free quotas for steel and aluminum and to cooperate in addressing global overcapacity.
Eurofer Director General Axel Eggert said the US should fulfill its commitment to work with the EU to find a solution. Another issue facing EU producers is US tariffs on "derivative" products, initially set at 50% based on metal content. A month after the Turnberry deal, Trump even expanded the range of goods requiring customs declarations.
Since then, the Trump administration has lowered some tariff rates, signing an executive order on Monday to reduce tariffs on certain EU goods to 15%. However, tariffs on refrigerators, lawn mowers, and railway parts remain at 25%. If these rates are not reduced to 15% by the end of the year, the EU may suspend some preferential measures.
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