European industry hit hard by Trump tariffs, Salzgitter CEO warns

Salzgitter AG

02/06/2025 08:44

DUESSELDORF/FRANKFURT, June 2 (Reuters) - Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry, its CEO said after the U.S. administration unveiled plans to double steel import levies to 50%.

"An increase in steel import duties in the USA to 50% should prompt the EU Commission to accelerate its efforts to implement the measures under the Steel and Metals Action Plan," Gunnar Groebler said.

 (Reporting by Tom Kaeckenhoff and Christoph Steitz, Editing by Friederike Heine)

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