European steel stocks dip as US firms gain on Trump's tariff plans | Euronews Newsletter Events Loader Newsletter Events Loader Loader Search
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ADVERTISEMENT Major European steel giants saw their share prices falter on Tuesday afternoon, as investors continue to weigh the impact of US President Donald Trump's plan to double steel and aluminium tariffs from 25% to 50%, with the latter set to take effect from 4 June. The announcement has escalated trade tensions and drawn significant criticism from worldwide trade partners. Trump, meanwhile, claims the move will make the US steel industry even stronger. He said in a post on his social
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