US EditionUS steel customers spooked by tariffs, Tata says
- The European Union will tighten steel import quotas by 15% from April to prevent cheap steel from flooding the market, a senior EU official stated.
- European steel producers warn the EU risks becoming a dumping ground for steel diverted from the U.S. Market after new tariffs were imposed by the U.S. Administration.
- The EU imported about 60 million metric tons of steel in 2024, with 30 million tons within the tariff-free quota, according to the Commission.
- Sejourne emphasized the importance of steel for the EU's military industrial complex, stating, "We want to keep our steel in Europe and be able to recycle in Europe.
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Syracuse NY+2 Reposted by 2 other sources
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·Syracuse, United States
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India’s coddled billionaires feel the pain of US tariffs
Under Trump 2.0, India’s so-called Billionaire Raj could grind to a halt. The Modi government has already started preparing domestic industry for April 2, with the commerce minister asking exporters to “come out of their protectionist mindset.” They’re not the ones who need a change of heart, though. The state has a strong political imperative for a course correction.
·Karnataka, India
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Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
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55% Center
L 27%
C 55%
R 18%
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