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 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.
149 Articles
149 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.
Evening Standard
Government ‘in discussions’ with EU over steel tariff hike – Starmer
The European Commission is effectively planning to match the levy Donald Trump imposed on the EU.
The European Union has unveiled an unprecedented arsenal to save its steel production. The sector is threatened by China's overwhelming competition. According to the Commission's plan, the foreign steel quotas that can be imported into the EU each year without customs duties will be halved, and above all the customs duties on imports will double. In the European Parliament in Strasbourg, MEPs were waiting for this response.
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