BRANDENBURG AN DER HAVEL, Germany—The steel mill in this Gothic town one hour southwest of Berlin has long supplied Europe, its main market, with wire used in construction. But it could still become a casualty of new U.S. tariffs on steel imports. That is because the tariffs, announced last month, are threatening to redirect to Europe a wave of inexpensive steel from countries that had previously exported the alloy to America. Not long after President Donald Trump announced the 25% tariff on steel imports, Brandenburg’s steel...
US President Donald Trump's tariffs on steel could see cheaper, foreign imports flooding into Europe, putting up to 300 jobs at German steel plant Brandenburger Elektrostahlwerke at risk, according to Italian parent company, Riva Group. Brandenburger is the first firm to warn of job losses, while a Riva spokesperson said it expected politicians to "go to bat on behalf of fair European and global trade". The company has already warned that its production capacity will be hit by as much as 30 per cent if Trump imposes punitive tariffs, which he says are necessary for national security.