The rise in US steel import tariffs has caused chaos in European markets.

On Wednesday, Washington raised tariffs on steel and aluminum imports to 50%, which is twice as high as before. This decision affects all partner countries except for the United Kingdom, which already has an agreement with the Americans.

The increase in tariffs came as a surprise to many companies around the world. For example, the French company Remy Cointreau abandoned its plans for the next ten years due to the uncertainty created by the double increase in tariffs.

'Austrian steel producer Voestalpine and the German engineering association VDMA expressed their outrage over the import tariffs,' company representatives reported.

Canada, which supplies significant amounts of aluminum to the US, has begun to feel the serious impact of the doubling of tariffs. The office of the Prime Minister of Canada has started negotiations about the possible cancellation of the new tariffs.

The rise in steel and aluminum import tariffs in the United States has caused outrage among companies and concern among the country's trading partners. Countries exporting aluminum to the US are actively seeking ways to mitigate the negative impact of these measures on their own economies.

In response to the increase in steel and aluminum import tariffs in the US, many companies are abandoning their strategic plans, and exporting countries are seeking ways to soften the negative consequences for their economies.