50% of Trump’s steel tariffs hit the world but the UK spared a full stroke

US tariffs again entered the focus of Europe on Wednesday when 50% of US President Donald Trump’s gathering on the introduction of steel and aluminum imports into the United States came into force.

Announced last week and Signed by Trump on TuesdayThe Order doubles tariffs from 25% to 50% for all US importers to the US, and the president said the step would protect the US steel industry amid the flood of cheaper foreign steel imports and weak world demand.

Canada and Mexico – this The largest exporters became the USWith other major sources, including Brazil and South Korea.

European steel exporters in the USIncluding in Germany, Italy, Sweden and the Netherlands, a new 50%will be hit hard. The UK has been provided with a temporary appeal, and 25% remains in place, while details of the recently signed trading transaction in the UK are being developed.

On Tuesday, Trump said he signed steel tariffs in advance May 8 “A deal from economic prosperity” laid.

The 25% tariff is expected to be deleted as part of a trade transaction, although Trump warned that he could even increase the collection in the UK to 50% “on July 9” if the White House “determined that the UK did not fulfill the relevant aspects of the EPD.”

The US accounts for 7% of total exports of steel in the UK, and in 2024 in 2024 in 2024 ($ 500 million) According to UK,.

Gareth Steis CEO said on Tuesday that the UK’s release from a 50% duty was a “welcoming pause”, but called on London and Washington to turn their trade transaction into reality to completely remove tariffs.

“The sequel, 25% of the fares we are concerned will bring the supplies we are concerned about tax growth,” he said in a statement.

“However, uncertainty remains compared to the terms and end rates, and now US customers will be questionable in whether they should even risk making orders in the UK,” he added, warning that the fees are coming to “and without crushing our steel industry, with globally over.”

Chrysa Glystra, Director of Trade and Economics in the UK, told CNBC on Wednesday that the industry “is very happy to wake up to just 25% of the tariffs, unlike the rest of the world, up to 50%.”

“We admit that it took quite a lot of efforts from the UK government, we did not know until the very late evening what was happening, so it is quite relieved,” she said “Squawk Box Europe”.

She noted that most of the UK, which is exported to the US, is a “specialist, high -value” material and does not reach the United States because “it is cheap or undermining the domestic market. This is actually a material that is not available in the United States and therefore some customers will still be ready to pay this tariff to get this material … But 25%.

EU Secretary of Press said the block was “Prepared for the introduction of countermeashed affairs “ Although this did not provide more information about what form it can take.

“If a mutually acceptable decision is not reached, the existing and additional EU measures will automatically take effect on July 14 – or earlier if the circumstances require,” the secretary -secretary said.

Analysts say Trump’s tariffs will make the US steel prices up, which will increase prices for both industry, such as automakers, and consumers who buy canned food and drinks.

But while inflation on US domestic prices is widely expected, the effect in Europe will be more ambiguous, and some buyers and manufacturers will be able to use lower prices as they became more redirected to the region, Analysts reported CNBC this week.