Topic
Politics EU UK

EU imposes 50% steel tariffs

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The European Commission cut tariff-free steel import quotas and raised duties to 50% to shield the bloc's steel industry, prompting UK calls for clarification.

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davidpassmore.bsky.social
WORLDWIDE STEEL OVERCAPACITY

Measured by the kilogram, steel costs less than bottled water.

China started an overcapacity of steel production. Too much for China. Dumped as exports, driving down global prices. Response was protective tariffs & import quotas.

www.nytimes.com/2025/10/07/b...
E.U. Proposes 50% Steel Tariffs as Trump Effect Ripples Around World
www.nytimes.com

Reposted by: Patrick Dunleavy

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hhesterm.bsky.social
The domino effect of the us market closing and the goods once going there looking for other markets. Things will get worse.
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Reposted by: Holger Hestermeyer

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Reposted by: Holger Nehring

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Reposted by: James Connelly

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