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Trump's 50% steel tariff could see prices tank in Europe — and soar in the U.S
cnbc.com/2025/06/02/trumps-50percent-steel-tariff-will-see-prices-fall-in-europe-and-soar-in-the-us.html
U.S. President Donald Trump surprised markets yet again with an abrupt announcement on Friday that he will hike tariffs on steel imports from 25% to 50% on Wednesday.
But while the inflationary impact on U.S. domestic prices is widely expected to be severe, the effect in Europe will be…
This story appeared on cnbc.com, 2025-06-02 13:33:08.