The EU Commission on Tuesday said it will present plans to make Europe's ailing steel sector more competitive and to shield it from looming U.S. trade tariffs in the spring.
European Union, Steel and Donald Trump
The European Union is broadening the list of US goods it will target with retaliatory tariffs if US President Donald Trump follows through on his threat to impose duties on steel and aluminum exports,
European Union chief Ursula von der Leyen says U.S. tariffs on steel and aluminum “will not go unanswered” and will trigger tough countermeasures from the 27-nation bloc. She said the
Steel a focal point of meeting between bloc’s point person on trade and new US commerce secretary plus other senior administration officials.
Of all the threatened levies, only Trump’s China tariff has actually happened. Nevertheless, the EU has said that it would respond swiftly and proportionally to Trump’s tariffs, should they occur, and could reactivate as a first step the lists of products it previously suspended.
The European Union (EU) estimates that the first wave of Donald Trump’s steel and aluminium tariffs will hit as much as 28 billion euros (S$39 billion) of the bloc’s exports in what would be a massive escalation in the US president’s trade war.
The European Union has vowed to take firm and proportionate countermeasures in response to U.S. President Donald Trump’s imposition of tariffs on all steel and aluminum imports.
Gunung Raja Paksi agreed with Primetals Technologies to become the “first” steel mill in Asia, outside of China, producing sustainable steel.
Ukraine’s already vulnerable steel industry would face extra costs that would weaken the industry and the country.
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