• J.P. Morgan says U.S. tariffs could hit European metal companies in disparate ways - remains bullish on gold miners, selective on copper and cautious on steel makers

• According to JPM, "if sustained" newly announced U.S. tariffs "would likely push the US economy into recession this year"

• Gold companies are set to benefit from this "heightened macro and geopolitical uncertainty", the broker says, citing calculations that gold prices cold rise another 30%

• According to JPM, there are selective entry points for copper miners

• European steel would be hit harder, "as it is more directly exposed to sectors that are negatively impacted by US tariffs, specifically Autos," it says

• Shares in Aperam , ArcelorMittal , Acerinox , Outokumpu , SSAB are down between 5.1% and 9.5%

(Reporting by Javi West Larrañaga in Gdansk)