The European Union decided to introduce measures to curb steel imports. The Commission proposed a combination of a quota and a tariff to prevent a surge of steel imports that is threatened, notably since the United States imposed levies on incoming steel and aluminium.
The quota would be a reflection of imports over recent years, with a 25% tariff set for volumes exceeding that amount. The move marks a victory for the European steel industry, which has pressed for import restrictions to count...
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