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The European Union could soon face a 15% tariff on its steel exports to the United States if both sides fail to finalize a new trade agreement by the end of 2025.
The tariff threat stems from the expiration of a temporary suspension under the 2021 US-EU agreement, which paused Trump-era duties on EU steel and aluminum. If no fresh deal is struck, the tariffs will automatically resume in January 2026.
The Biden administration is urging the EU to agree on a Global Arrangement on Sustainable Steel and Aluminum (GASSA), aimed at promoting low-carbon steel production and restricting imports from non-market economies, particularly China.
EU officials, however, are divided on the terms, with concerns over competitiveness and sovereignty. Talks are expected to intensify in the coming months.
The possible re-imposition of tariffs could disrupt transatlantic trade and significantly impact European steelmakers already grappling with high energy costs and slower demand.
This development signals rising geopolitical and climate-linked pressures on the global steel trade.
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