Category: Business News
Yesterday, President Trump announced his decision to impose 25% tariffs on all US steel and aluminium imports, which will target the EU directly. This is a decision that the American Chamber of Commerce to the EU (AmCham EU) opposed in 2018 and opposes again today. US tariffs on EU imports of steel and aluminium will have a wide-reaching and overwhelmingly negative impact on jobs, prosperity and security on both sides of the Atlantic. The damage will extend beyond just the steel and aluminium sectors, impacting all businesses that rely on these materials throughout the supply chain.
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Source: AmCham EU