Tag #Import Limits

What immediate actions is the European Commission taking to counter unfair trade practices impacting the European steel industry and what are the specific consequences of the reimposed US tariffs?

The European Commission will release an action plan on March 19th to address unfair trade practices against the European steel sector, reviewing import limits set during the Trump administration's trade dispute. This plan comes in response to the reintroduction of 25% tariffs on steel and aluminum imports to the US, impacting nearly four million tons of EU steel exports annually. The Commission aims to support the sector's global competitiveness while facing challenges like decarbonization and global competition.