EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports

SelfRugger · 2026-02-24T15:18:09+00:00

EU officials anticipate that the U.S. will reduce tariffs on steel and aluminum goods in the coming weeks, potentially easing trade tensions. The changes would not apply to commodity-grade metals, amid broader uncertainty in trade negotiations.

SelfRugger

2026-02-24 15:18:09

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EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports

FILE PHOTO: Steel coils are displayed at a ThyssenKrupp steel factory in Duisburg, Germany, November 5, 2025. REUTERS/Leon Kuegeler TPX IMAGES OF THE DAY/File Photo · Reuters

Reuters

Wed, 25 February 2026 at 12:02 am GMT+9 1 min read

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Feb 24 (Reuters) - European Union ‌officials expect the U.S. ‌to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic ‌trade ties, ⁠Bloomberg News reported on Tuesday, citing people ⁠familiar with the matter.

The planned changes would not affect tariffs on commodity-grade forms of the ‌metals, the report said.

Reuters could not independently verify the report.

The potential move comes as broader trade negotiations face ‌renewed uncertainty after a U.S. Supreme Court ruling limited the administration’s ‌ability to invoke emergency powers to impose sweeping “reciprocal” tariffs, clouding prospects for a comprehensive agreement ‌between Washington and Brussels.

(Reporting by Dagmarah Mackos. Editing by Mark Potter)

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