the United States will raise the tariffs on imported steel and aluminum to 50%.

US President Trump said that from June 4, the tariffs on imported steel and aluminum in the United States would be raised from the current 25% to 50%.

A spokesman for the European Commission expressed strong regret over this and said that the EU was ready to implement counter – measures. The Canadian industry also strongly opposed it, emphasizing that disrupting the cross – border steel and aluminum supply chain would cause huge losses to both Canada and the United States.

Trump said at a rally at US Steel Corporation on the afternoon of May 30 that the steel import tariff in the United States would be raised from the current 25% to 50% to protect the domestic steel industry. He said that foreign companies could still cope with the current 25% steel tariff to some extent, but they would find it difficult to deal with it when the tariff was increased to 50%.

Subsequently, Trump also posted on the social media platform “Truth Social” that from June 4, the import tariffs on steel and aluminum would be raised from 25% to 50%.

The United States has imposed a 25% tariff on all imported steel and aluminum since March 12. This policy has drawn criticism and retaliation from trading partners such as Canada and the EU.

According to the data of the US International Trade Commission, the United States imported $147.3 billion worth of steel and aluminum products in 2024. The data shows that Canada, Mexico, etc. are its main sources.

A spokesman for the European Commission told Xinhua News Agency by email on May 31 that he expressed strong regret over the US announcement of raising tariffs.

The spokesman said that this decision of the US side brought more uncertainty to the global economy, increased the costs of consumers and enterprises on both sides of the Atlantic, and also undermined the efforts to reach a solution through negotiation.

The spokesman also said that the EU was ready to implement counter – measures, including responding to the latest tariff increase in the United States. If a mutually acceptable solution could not be reached, the existing and additional measures of the EU would come into effect on July 14, and the possibility of the earlier entry into force of relevant measures could not be excluded.

Canadian media reported on May 30 that the Canadian industry strongly opposed Trump’s plan to double the steel and aluminum tariffs.

The president of the Canadian Labour Congress said that this plan of the US government was another direct attack on Canadian workers, and its reckless move would impact the Canadian economy. She called on the Canadian government to take immediate action to protect workers, including implementing emergency reforms on employment insurance and wage subsidies.

The president and CEO of the Canadian Chamber of Commerce said in a statement that disrupting the cross – border steel and aluminum supply chain would cause huge losses to both Canada and the United States, and doubling the steel and aluminum tariffs to 50% was contrary to the economic security of North America.


Post time: Jun-03-2025