Tag #Trade Protection

"What are the underlying causes of the German steel industry's struggles, and how do Scholz's proposals address these root causes?"

"Scholz's plan to cap electricity transmission costs at three cents per kilowatt hour and to partially finance transmission grid costs aims to alleviate the steel industry's energy burden. This initiative, coupled with his call for EU-level trade protection against dumping and unfair subsidies, reflects the industry's struggle against low-cost Asian competitors. His proposal to potentially take a stake in Thyssenkrupp Steel demonstrates the government's concern about job losses and the sector's strategic importance."