Major European steel companies experienced a decline in share prices due to US President Trump's announcement to double steel and aluminium tariffs from 25% to 50%, effective June 4. This move has heightened trade tensions and drawn criticism from global partners. While European companies like Thyssenkrupp and Salzgitter saw declines, US companies like Cleveland-Cliffs and Nucor reported significant gains. The unpredictability of tariffs poses risks to US businesses, with concerns about long-term investments in heavy industry. Professor Felix Tintelnot emphasized the potential negative impact on various sectors due to increased aluminium prices. Teljes cikk (Euronews.com)