European industry hit hard by Trump tariffs, Salzgitter CEO warns

DUESSELDORF/FRANKFURT, June 2 (Reuters) - Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry, its CEO said after the U.S. administration unveiled plans to double steel import levies to 50%.

"An increase in steel import duties in the USA to 50% should prompt the EU Commission to accelerate its efforts to implement the measures under the Steel and Metals Action Plan," Gunnar Groebler said.