3 days ago
German aluminium industry warns US tariff hike will harm all parties
Germany's aluminium industry has voiced concern over the planned doubling of US tariffs to 50%, warning that further escalation would harm all parties involved.
The industry association Aluminium Deutschland (AD) called for urgent and constructive dialogue between the European Commission and the US administration.
US President Donald Trump last week announced he plans to increase tariffs on steel imports from 25% to 50%, with aluminium tariffs also included. The new rates are scheduled to take effect on Wednesday.
According to AD, German aluminium exports to the United States total around 51,000 tons, representing roughly 2% of annual domestic production.
While the volume appears small, the association said the tariffs come at a time when the industry is already under significant pressure, adding that the new escalation significantly increased uncertainty for companies.
The association expressed even greater concern about the indirect effects, saying traditional supplier countries may lose access to the US market due to the high tariff rates and shift their focus to the European market. This could further increase the already substantial import pressure on Europe, it added.
