US tariffs on steel, aluminium imports come into effect

This matches the economic scope of the US tariffs,

Ursula von der Leyen, president of the European Commission, said in a statement,

We will always remain open to negotiation,

she said

Such a decision by the Trump administration is entirely unjustified. This is against the spirit of our two nations' enduring friendship and fundamentally at odds with the benefits that our economic partnership has delivered over more than 70 years,

he said shortly before the tariffs took effect

My government will ensure our response has maximum impact in the U.S. and minimal impact here in Canada, while supporting the workers impacted,

he wrote on X Tuesday

Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation. They are paid by the consumers,

Albanese told reporters

By closing loopholes in the tariff that have been exploited for years, President Trump will again supercharge a steel industry that stands ready to rebuild America,

Steel Manufacturers Association President Philip Bell said in a statement

The revised tariff will ensure that steelmakers in America can continue to create new high-paying jobs and make greater investments knowing that they will not be undercut by unfair trade practices,

Bell added

Our countermeasures will be introduced in two steps. Starting with April 1 and fully in place as of April 13,

European Commission President Ursula von der Leyen said in the statement

We have the means to go further, if we want,

Haddad told TF1 TV

For example, if it came to a situation where we had to go further, digital services or intellectual property could be included,

he added

As the U.S. tariffs come into effect, the company expects to see the positive impact from an improvement in steel prices,

a spokesperson for Australia-listed steelmaker BlueScope said

We plan to focus more on high-value-added products and enhance our technological capabilities to produce existing products more economically,

a spokesperson for South Korean steelmaker POSCO Holdings said

We are also reviewing investment plans for upstream steel processes in the U.S. or India, but no final decision has been made yet,

the spokesperson said

I think Vietnam steel may benefit from this tariff,

a Hanoi-based steel trader said, declining to be named because he was not authorised to speak to media

To U.S. we export less than 100,000 metric tons,

Sandeep Poundrik told reporters on the sidelines of an event in New Delhi

We will always remain open to negotiation. We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs,

von der Leyen said

We’ve been very clear that when it comes to the UK steel industry we remain prepared to defend the UK’s national interest where it’s right to do so. But we will continue to take a cool-headed approach.”

A No 10 spokesperson said

The European Union must act to protect consumers and business,

Von der Leyen added

We deeply regret this measure,

she said in a statement, as Brussels announced

These tariffs couldn’t come at a worse time for the UK steel industry, as we battle with high energy costs and subdued demand at home, against an oversupplied and increasingly protectionist global landscape. What’s more, the EU is also pushing ahead with trade restrictive action that will amplify the impact of US tariffs.”

He added