The United States has raised tariffs on steel and aluminum imports to 50%, a move officials say aims to bolster domestic production. However, German industry leaders warn the policy could strain supply chains and increase costs for American consumers.
Marius Baader, Managing Director of Aluminium Deutschland, highlighted challenges in scaling U.S. production: "The aluminum industry needs significant lead time to meet quality standards. Consumers will ultimately pay these tariffs." The tariff hike affects critical materials used in manufacturing, automotive, and packaging industries.
Analysts note the decision may reshape transatlantic trade dynamics, with European exporters exploring alternative markets. Business professionals are monitoring potential ripple effects across global supply chains, particularly in Asia where industrial demand remains robust.
