EU plans to cut steel import quotas, hike tariffs
ReutersOct 1, 2025 8:53 AM
BRUSSELS, Oct 1 (Reuters) - The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those quota levels to as high as 50%, similar to tariffs imposed by the United States and Canada, a source briefed on details told Reuters on Wednesday.
The measures will be part of a new safeguards package for the steel sector, which is set to be officially unveiled on October 7.
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