US EditionEU to double steel tariffs amid influx of Chinese imports
The European Commission aims to raise steel tariffs to 50% and cut duty-free quotas by 47% to protect 300,000 jobs and boost EU steel capacity utilization to 80%.
- The European Union plans to implement a 50 percent tariff on steel imports, as confirmed by Prime Minister Keir Starmer, which could harm the British steel industry.
- UK Steel's director general, Gareth Stace, described the potential tax on steel imports as 'devastating' for the industry, noting a rapid rise of protectionist trade measures worldwide.
- The UK Government is seeking urgent clarification from the European Commission regarding the impact of these tariffs to support the steel industry and protect jobs.
- EU Commissioner Stephane Sejourne stated that Europe is reducing steel imports to 'save our European steel plants and jobs.
138 Articles
138 Articles
The European Commission has officially confirmed its already announced plans to protect the European steel industry. The Brussels authority proposes to increase import tariffs from 25 to around 50 percent, as EU Commissioner for Industry Séjourné said.
Brussels is taking action mainly because of fears of dumped Chinese steel, which can no longer enter the US.
The measures aimed at protecting the steel sector from very strong Asian competition. Applauded by professional companies, Eurofer speaks of “an important step forward for the defense of the sector” and of “pioneering” work on the part of the Commission
The European Union (EU) is launching an offensive to save its steel industry - The European Commission today announced new measures, including a doubling of tariffs on steel imports, to protect its producers from growing Chinese competition seen as unfair.
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