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131 new news items in the last 24 hours
  1. Home
  2. Economy

Josh Spoores, head of CR's steel analysis division, warns that higher steel tariffs in the US could fuel domestic inflation, while Europe could benefit from lower prices due to a steel surplus

Raluca Ioana Draghici
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3 June 2025, 07:45
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Following the imposition of steel tariffs in the US, CRU's Josh Spoores points out that prices will rise, fueling local inflation. Europe may see lower prices because of the steel surplus, but European manufacturers like BMW will suffer significant losses. Analysts warn that new trade barriers will erode profit margins and the European Union is reacting, underlining the uncertainty. Josh Spoores estimates the tariffs will not stay in place for long because of their impact on the economy.

Sources

sursa imagine
Economica
Tarifele impuse de Trump la importurile de oțel riscă să ducă la scăderea prețurilor în Europa și creșterea acestora în SUA
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ProTV Moldova
Tarifele de 50% impuse de Donald Trump importurilor de oţel pot ieftini preţurile în Europa, dar vor scumpi oţelul în SUA
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Stiripesurse
Efectul total neașteptat al tarifelor impuse de Donald Trump: Europa va câștiga enorm, în timp ce în SUA va fi o mare problemă
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G4Media
CNBC: Tarifele de 50% impuse de Donald Trump importurilor de oţel pot ieftini preţurile în Europa, dar vor scumpi oţelul în SUA

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European car manufacturers reported losses of over 8 billion euros due to the trade tariffs imposed by the USA.
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Josh Spoores USA commercial rates steel tariff Europe steel price warning uncertainties

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