Commerce Department raises steel tariffs as EU files WTO complaint

Trump jumped steel tariffs from 25% to 50% in May 2025 sparking international backlash and raising consumer prices

Manufacturing companies needing steel for cars, appliances, and construction face doubled input costs passed to consumers

Domestic steel companies like U.S. Steel and Nucor earn massive profits from artificial price protection

European Union and trading partners respond with retaliatory tariffs targeting American agricultural exports

Section 232 national security powers justify steel tariffs despite importing from close allies like Canada and Germany

Global supply chains fragment as countries adopt similar protectionist measures destroying integrated economy

Manufacturing costs increase worldwide as countries prioritize domestic production over international specialization