Thyssenkrupp: U.S. tariffs have limited effect on our business
ReutersMar 12, 2025 12:27 PM
DUESSELDORF, Germany, March 12 (Reuters) - U.S. tariffs on steel will have only a limited effect on business at Thyssenkrupp TKAG.DE as its main market is Europe, the company said on Wednesday.
"Indirect effects are more serious if exports destined for the U.S. are diverted to Europe due to the tariffs. This would severely hurt the European market in the long term," said the company adding that long-term solutions are needed to protect the European market from unfair trading practices.
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