US EditionEU to double steel tariffs amid influx of Chinese imports
The EU aims to protect 300,000 steel sector jobs by imposing 50% tariffs and cutting duty-free import quotas by 47%, targeting unfair competition and global overcapacity.
- The European Union proposed cutting steel import quotas by 47% and adding a tariff of up to 50% on imports exceeding that quota from countries like China and India.
- European Commission President Ursula von der Leyen emphasized that a strong, decarbonized steel sector is crucial for the EU's economic security and competitiveness, citing the harmful effects of global overcapacity on the industry.
- The proposed tariffs and quotas must be approved by EU member states and the European Parliament, with discussions on their impact and coordination with the US ongoing.
112 Articles
112 Articles
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.
The Independent
perspectivemedia.comGovernment ‘in discussions’ with EU over steel tariff hike – Starmer
The European Commission is effectively planning on matching the levy Donald Trump imposed on the EU.
At a time when the European steel sector is facing a severe crisis, the idea is that this proposal replaces the steel safeguard measure, which should expire in June 2026.
Coverage Details
Bias Distribution
- 38% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
