EU doubles steel tariffs to 50% to curb surge of cheap Chinese imports
EU lawmakers and member states agreed on Monday to double tariffs on foreign steel to 50%, aiming to shield the bloc’s struggling industry from a surge in cheap Chinese imports. The deal also cuts duty-free import volumes by 47%. Trade chief Maros Sefcovic warned global overcapacity threatens Europe’s industrial strength.
EU lawmakers and member states agreed on Monday to double tariffs on foreign steel to 50%, aiming to shield the bloc’s struggling industry from a surge in cheap Chinese imports. The deal also cuts duty-free import volumes by 47%. Trade chief Maros Sefcovic warned global overcapacity threatens Europe’s industrial strength.
This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.
.jpg?#){kind=small}
