Today, the US administration imposed tariffs on steel and aluminium, including EU imports. In response, Malte Lohan, CEO, American Chamber of Commerce to the EU (AmCham EU), expressed the opposition of American business in Europe to the decision, stating: ‘The US administration’s new steel and aluminium tariffs are not the same as those imposed in 2018. They are more stringent and cover a range of downstream products, meaning their impact will be harsher and affect even more sectors.’
He went on to say: ‘These tariffs, along with the EU’s announced countermeasures, will only harm jobs, prosperity and security on both sides of the Atlantic. The two sides must de-escalate and find a negotiated outcome urgently.’
Read our statement in response to the US administration’s initial announcement: American business in Europe remains opposed to US steel and aluminium tariffs
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