The European Union is planning to raise duties on steel imports to 50%, Bloomberg news agency, which has seen the draft proposal, reported. The move would equalize the EU rate with duties in the United States.

The EU now has a temporary mechanism in place to protect the steel industry, which includes a 25% duty on most imports after quotas are exhausted. This mechanism expires in 2026, and the EU is working to replace it with a more permanent instrument, which is scheduled to be unveiled next week, the article said.


This article was AI-translated and verified by a human editor

Share