steel

EU’s New Tariff Plan: Protecting Steel or Protectionism? In a dramatic trade salvo, the European Commission announced plans on Oct 7 to impose a 50% tariff on steel imports exceeding reduced quota levels theguardian.com theguardian.com. This effectively doubles the current 25% duty that had been in place – a jump Brussels openly frames as matching the tough U.S. “Trump tariffs” on steel theguardian.com. Under the proposal, the EU’s existing safeguard quotas (which allow a certain tonnage of foreign steel in tariff-free) would be slashed by 47% to about 18.3 million tonnes annually, a volume last seen in 2013 theguardian.com. Any imports above that modest quota would face the hefty 50%