10 February 2025 – US President Trump’s announcement of new additional steel and aluminum tariffs of 25% on all countries of origin has once again shaken up the world. At the same time, the President announced his intention to immediately introduce reciprocal tariffs as soon as a foreign country imposes them against the United States.
US: New 25% tariffs against steel and aluminum coming
On his flight to the final of the 59th Super Bowl, US President Donald J. Trump once again shook up the world on Sunday with the announcement of additional tariffs on steel and aluminum of 25% on all countries of origin.
The details of the new tariffs are to be announced today, Monday. And so far, speculation about their specific form and impact on other market protection measures (such as Section 232 on steel and aluminum) is rampant in the media.
Damage to the US economy due to unfiltered tariff policy with a watering can
However, we cannot endorse this unfiltered tariff policy with a watering can, as it is likely to destroy tens of thousands of manufacturing jobs in the United States again, as was the case with the introduction of Section 232 tariffs on steel and aluminum in 2018. In addition, such tariffs drive up inflation and thus the cost of living for millions of Americans.
However, we also understand his announcement to mean that he wants to make new agreements and deals. We also understand that President Trump is fed up with certain partner countries. In the end, however, it is always the citizens of the countries that impose the import tariffs that suffer from such tariffs.
Capacities of US steel and aluminum producers are not sufficient
In addition, the United States is dependent on imports for steel, stainless steel and aluminum, as the domestic steel industry cannot meet the needs of the US economy on its own. Even if the US steel manufacturers like to claim otherwise.
Announcement of US reciprocal tariffs on Tuesday or Wednesday
Trump clearly rejected hasty countermeasures, such as those introduced by the European Union in 2019 with the Safeguard Measures on certain steel products on Section 232, with the threat of reciprocal tariffs. The necessary decrees for this are already in preparation and will be issued on February 11 or 12.
“I’ll be announcing probably Tuesday or Wednesday at a news conference, reciprocal tariffs and very simply, it’s if they charge us, we charge them. That’s all.“
Source: US Präsident Donald J. Trump, PRE-SUPER BOWL GAGGLE: Trump Takes Question After Question From Reporters On Air Force One, Forbes News
Clear message to the European Union
The message to the European Union should be clearer than ever to finally take action. And instead of sitting in the EU Parliament in Strasbourg this week, the Commission should make representations to Washington immediately and make deals. Ms. von der Leyen, are you already on your way to the White House?
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
