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Chairman of the German Steel Federation: The U.S. tariffs impose tremendous pressure on the European steel industry.
On June 2, U.S. President Trump said on May 30 that the U.S. would raise tariffs on imported steel and aluminum from the current 25% to 50% from early June. Regarding the decision of the United States, Ripert, chairman of the German Iron and Steel Federation, issued a written statement on June 1 local time, saying that this move by the United States has escalated the transatlantic trade conflict again and will bring great pressure to the European steel industry.