US Tariffs Restrict German Iron and Steel Exports to the US Market

German iron and steel exports to the United States registered a slight decline as a result of new US tariffs, according to the Federal Statistical Office. Iron and steel exports fell 0.4% year-on-year during the period from January to the end of April, reaching approximately €1.3 billion. The United States began imposing additional tariffs of 25% on iron and steel imports on March 12, 2025, before doubling them to 50% on June 4. Despite these restrictions, the decline in trade with the United States was limited compared to the decline in overall German iron and steel exports, which fell by 4.2% during the same period, reaching €20.7 billion. The United States is the sixth-largest market for German iron and steel, accounting for just over 6% of total exports in this sector.