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EU to Propose Doubling Tariff Rate on Steel Imports to 50%
The European Union plans to hike tariffs on steel imports to 50% and cut by nearly a half the volume of steel that’s allowed in before that higher rate is imposed, according to a draft proposal seen by Bloomberg. The EU currently has a temporary mechanism in place to safeguard its steel industry, which imposes a 25% duty on most imports once quotas are exhausted. That mechanism expires in June and the EU has been working to replace it with a more permanent regulation, which it plans to unveil next week. The European Commission, which handles trade matters for the EU, plans to boost the tariff rate to 50% “to ... (full story)
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- Oct 2, 2025 3:24pm Posted byFundamental Analysis189
