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121 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.

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Economica
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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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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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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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NEWS ON THE SAME TOPICS

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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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The USA is preparing new customs duties. Over 50 countries are targeted.
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The European Union warns of a "stagflation shock". Economic forecasts have been revised downwards, and inflation will rise.
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The European Policy Centre calls on the European Union for a firmer economic security doctrine.
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The EU demands new tariff reductions from the United States for European exports, while the 50% taxes on oil remain under negotiation.
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The European Parliament approves lower quotas and higher taxes for oil imports. Excessive imports will be taxed at 50%.
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Josh Spoores USA commercial rates steel tariff Europe steel price warning uncertainties

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