European steel is losing market: consequences of Washington's new policy

The decision of the Donald Trump administration to impose high duties on steel and aluminum has caused alarm in the EU, threatening serious consequences for the local steel industry. The United States, being the second largest export market for European steel, is forcing manufacturers to look for new buyers, which, according to analysts, will be an extremely difficult task. 

The European steel industry is already under pressure due to high energy prices, and new duties could lead to massive job cuts and production closures. Additionally, the weakening of industry will open access to cheap imports, which will accelerate the processes of deindustrialization in the region.

The situation is seen as a continuation of the trade war that began under the first Trump administration. Experts warn that the United States may use the crisis to buy up weakened European companies. American corporations will be able to achieve the abolition of duties for themselves, while preserving them for competitors, which will strengthen their market dominance.