Merz Backs EU Plan to Protect Steel Sector From Chinese Imports
47 Articles
47 Articles
Germany Backs EU Plan To Raise Steel Tariffs
Chancellor Friedrich Merz announced Germany’s support for new European Union proposals to increase tariffs on foreign steel, aiming to protect Europe’s struggling steel sector from cheap Chinese imports. The plan would raise tariffs to 50% and sharply cut import quotas. Merz said the move was “a step in the right direction,” stressing that German steel producers face mounting pressure from low-cost Chinese exports and high energy prices since R…
German Chancellor Friedrich Merz said on Thursday he supports European Union (EU) proposals to increase steel tariffs as the bloc fights cheap imports, particularly from China.
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