European metal producers are in a frenzy as US tariffs on steel and aluminum throw their industry into chaos! EU exports of metal scrap have nearly tripled in the first quarter of the year, while the EU considers imposing export restrictions or tariffs to protect its producers. The Trump administration’s 50% tariff on steel and aluminum imports has driven up scrap prices, and the European industry now demands the EU act like it did during the pandemic with export controls. But the recycling industry is pushing back, claiming there’s no scrap shortage and restrictions would only complicate matters. Who will profit and who will lose? Will the EU actually impose tariffs or remain powerless as the US trade war wrecks the European metal industry? Jump into the debate and tell us – is this a new trade war or just another bureaucratic farce?
