EU proposes cutting steel imports by 15% as Trump tariffs bite

EU to curb steel imports in bid to protect industry

The European Union has unveiled a new package of measures, including reducing its import quota by 15 percent, in a bid to shore up its struggling metals industry in the face of US President Donald Trump's tariff threats. We take a closer look in this edition.

EU to cut steel imports further as Trump tariffs disrupt market

The EU will reduce steel imports by a further 15 percent from April, the bloc's industry chief said Wednesday, to prevent a wave of cheap steel flooding the market after the United States imposed new levies.

Kentucky Sen. Rand Paul wants to confront President Trump on tariffs. It's a lonely battle

WASHINGTON — Sen. Rand Paul is attempting to quietly rally support for a strategy to oppose President Donald Trump’s tariffs on foreign imports, recently convening a meeting with a group of Senate Republicans, according to people familiar with...

Mexico’s housing sector braces for impact of steel and aluminum tariffs

The cost of housing construction in Mexico could increase by 3 to 4% this year following the introduction of 25% U.S. tariffs on steel and aluminum, the Mexican Chamber of the Construction Industry (CMIC) announced on Tuesday.  On March 11, the United States imposed 25% tariffs on all steel and aluminum imports, of which Mexico is a top supplier along with Canada and Brazil. U.S. President Trump has threatened to impose tariffs on other Mexican …

EU Moves to Curb Steel Imports Following US Tariffs

The European Union is planning to further restrict steel imports from April, according to an action plan released on March 19. The European Commission, the bloc’s executive body, published the European Steel and Metals Action Plan, aiming to “maintain and expand European industrial capacities in the steel and metals sectors.” Describing the industry as “fundamental” to the continent’s economy and vital to the defense, tech, and automotive sector…

EU unveils steel rescue plan to avoid external 'dependency'

The EU will update and tighten its measures to protect the bloc’s embattled steel industry, as the sector faces the double whammy of US import duties and high energy costs.