EU Tightens Steel Import Safeguards as Trade Dispute with U.S. Escalates

The EU plans to reduce steel imports by 15% starting April 1 and impose retaliatory tariffs on U.S. goods in response to American steel and aluminum tariffs.

• The EU Commission announced stricter safeguards on steel imports to address global overcapacity, set to take effect April 1, 2025.
• Retaliatory EU tariffs on U.S. goods, including jeans, whiskey, and motorcycles, will also begin on April 1 in response to U.S. steel and aluminum tariffs imposed on March 12.
• The EU aims to reduce steel imports by up to 15% to prevent redirection of global oversupply, particularly from China, into its markets.
• Investigations into additional protective measures for the aluminum industry are ongoing, with concerns over further market disruptions caused by U.S. tariffs.
• Critics, including labor unions and industry representatives, argue the EU's plans lack immediate solutions for high energy costs and clearer implementation details.

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