US EditionEU Raises Steel Tariffs
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EU raises steel tariffs
The European Union made a decision to increase tariffs on steel and reduce duty-free quotas, which caused a real storm in the United Kingdom and among car manufacturers in Europe. The EU plan reduces quotas on imported steel by 47 percent compared to last year, while tariffs on all surpluses increase from 25 to even 50 percent. The European Commission says that this is "strong and permanent protection for the EU steel industry, with the aim of p…
The European Commission presented a plan to protect the European steel industry on Tuesday, the proposal being a first step towards concluding a better agreement with the United States, which also levies a 50% tax on steel imports. Due to US tariffs and, consequently, the increase in imports, EU steel mills are only operating […] The article EU will impose a 50% tariff on steel imports, moving closer to US policy appears first on CursDeGuvernare…
Market Consensus Link Securities In addition to reducing the import volume of duty-free steel by 47% and raising the import levy on imports from a certain quota to 50%, the European Commission wants to increase the transparency and traceability of imports of steel into the Community block. It will do so by introducing a requirement to melt and pour to avoid circumvention of the rules. One of the main concerns of the Community steel industry is …
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