EU reaches preliminary steel deal with 50% out-of-quota tariff
The EU reached a preliminary deal to cut tariff-free steel imports to 18.3 million tonnes a year and double out-of-quota duties to 50% from July 1, tightening protection against global overcapacity.
From the sources (3 posts)
@reutersThe European Union reached a preliminary deal to nearly halve imports of steel and impose tariffs of 50% on excess shipments to protect the bloc's steel industry from overproduction elsewhere
@reutersbizThe European Union reached a preliminary deal to nearly halve imports of steel and impose tariffs of 50% on excess shipments to protect the bloc's steel industry from overproduction elsewhere. More here:
@marossefcovic🤝 A strategic, timely, well-designed deal. Our steel sector is key to 🇪🇺 industrial strength and autonomy, esp. as global overcapacity reaches critical levels. With the steel regulation - set to apply from July - we're defending our indust