EU imposes 50% steel tariffs
20h
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.
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...
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