Brussels proposes doubling tariffs on steel to protect it from China's exports
The proposal must be adopted by the European Parliament and the Member States in order to succeed.
The European Union wants to protect steel produced by itself, and has proposed measures this afternoon, including doubling tariffs and reducing the number of products entering without tariffs by almost half, in particular to protect them from the 'excessive exports' of Chinese industry.
These measures will now have to be adopted by the European Parliament and the Member States, which, once the green light has been given, will replace the current one, which will take place from June 2026. The EU has described the situation in the steel sector as' unsustainable 'due to the' unfair competition 'of several countries.
Although the details have not been disclosed, the proposal put on the table today includes a 47% reduction in the quota of non-tariff imports to 18.3 million tonnes. It also proposes an increase in tariffs of 25% to 50%.
In addition, importers shall be required, in the name of 'transparency', to provide rigorous information on the origin of steel in order to avoid fraud.
You might like
Glovo is accused of having kept the company's distributors working on the streets during the October 3 storm
The five investors interested in buying Tubos Reunion will meet with the unions next week
ELA and LAB demand "more leadership" from the government to convene employers to negotiate their own SMI
SpaceX and Tesla are considering merging to create a tech giant backed by Elon Musk
Wine unions announce mobilizations in Rioja Alavesa in search of an agreement
There will be news: the lehendakari meeting with ELA and LAB, the cold front and protests in France
Denis Itxaso advocates new measures to rent empty homes
The average income in the Basque Country increased by 7.2% in 2024, to 28,170 euros
LAB's General Coordinator calls for participation in the November 11 general strike to channel citizens "demands
