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EU shields steel, doubles tariffs

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The European Commission proposed doubling steel import tariffs to 50% and halving tariff-free quotas to shield the EU steel industry from Chinese competition.

by John Quiggin

95%
johnquiggin.bsky.social
This is the same paper that claimed being in the EU had destroyed the UK steel industry. www.express.co.uk/ne...
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EU's horrifying impact on British steel sector exposed
THE EU had a horrifying impact on the steel industry in Britain, Conservative MP John Redwood has claimed in an interview with Express.co.uk.
www.express.co.uk
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by Thomas Piketty

97%
thomaspiketty.bsky.social
Rethinking world trade
When setting tariffs, Trump has followed a narrowly nationalist and rather chaotic logic. The opposite approach is needed: Tariffs should be set based on universal and predictable principles.
www.lemonde.fr/blog/piketty...
Rethinking world trade
Confronted with the impact of Donald Trump's policies, Europe – like other parts of the world – has no choice but to fundamentally rethink its trade rules. To put it plainly: If Europe does not urgent...
www.lemonde.fr
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Reposted by: Daniel Fiott

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by John Quiggin

95%
johnquiggin.bsky.social
An amusing case of #FAFO as the most rabidly pro-Brexit paper in Britain rages at the EU for ... treating Britain the same as every other
non-EU country.
www.express.co.uk/ne...
brexit-revenge-plot
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EU makes major threat to UK in Brexit revenge plot - it's a disaster for Starmer
The UK steel sector is facing its "biggest crisis" in history as the EU prepares to impose "devastating" tariffs of up to 50%.
www.express.co.uk
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by Steve Peers — Reposted by: Simon Lester

37%
stevepeers.bsky.social
EU Commission proposes steel safeguard measures - ec.europa.eu/commission/p...
Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
The Commission has presented a proposal to protect the EU steel sector from unfair impacts of global overcapacity, a vital step towards ensuring the long-term viability of a strategically crucial indu...
ec.europa.eu
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by Holger Hestermeyer

17%
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.
euronews.com
Euronews @euronews.com · 9h
EU tariffs on steel imports will be doubled to 50% beyond a reduced quota, compared to the volumes currently entering duty-free.
European Commission wields protectionist powers to shield EU steel
EU tariffs on steel imports will be doubled to 50% beyond a reduced quota, compared to the volumes currently entering duty-free.
l.euronews.com
3 11

by Simon Lester

33%
simonlester.com
I'm not a fan of tariffs, but if you are going to do them, this is an appropriate way under WTO rules.
kirstenostermann.bsky.social
Kirsten Ostermann @kirstenostermann.bsky.social · 15h
The proposed measure is fully WTO compliant. Upon receipt of a mandate from the Council, the EU will swiftly engage with affected EU trading partners under the Article XXVIII GATT procedure regarding this change to the EU's WTO tariffs, with a view to offering them country specific allocations.
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Reposted by: Holger Hestermeyer

6%
euronews.com
EU tariffs on steel imports will be doubled to 50% beyond a reduced quota, compared to the volumes currently entering duty-free.
European Commission wields protectionist powers to shield EU steel
EU tariffs on steel imports will be doubled to 50% beyond a reduced quota, compared to the volumes currently entering duty-free.
l.euronews.com
2 4

Reposted by: Simon Lester

11%
kirstenostermann.bsky.social
Eu Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity.

ec.europa.eu/commission/p...
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by Simon Lester

33%
simonlester.com
I can imagine WTO complaints being filed by multiple countries against these tariffs. Will be interesting to see how this plays out.
glanktree.bsky.social
Graham Lanktree @glanktree.bsky.social · 2d
‘Worse than Trump’s tariffs’: EU steel protections are poised to pummel British industry

www.politico.eu/article/dona...
‘Worse than Trump’s tariffs’: EU steel protections are poised to pummel British industry
The EU is preparing to reduce foreign steel quotas by almost half as part of new measures set to be proposed next week.
www.politico.eu
2

Reposted by: Holger Nehring

4%
bloomberg.com
The UK’s steel sector warned of a potentially existential crisis after the European Union proposed raising tariffs to shield its own ailing sector
UK Steel Sector Warns of Crisis as Starmer Vows EU Tariff Talks
The UK’s steel sector warned of a potentially existential crisis after the European Union proposed raising tariffs to shield its own ailing sector.
bloom.bg
4 6 14

Reposted by: Simon Lester

11%
kirstenostermann.bsky.social
The proposed measure is fully WTO compliant. Upon receipt of a mandate from the Council, the EU will swiftly engage with affected EU trading partners under the Article XXVIII GATT procedure regarding this change to the EU's WTO tariffs, with a view to offering them country specific allocations.
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