Overview

• The plan cuts duty-free import quotas by nearly half and lifts the levy on volumes above those limits from 25% to 50%.
• Industry Commissioner Stéphane Séjourné and Trade Commissioner Maros Šefčovič are presenting the package to the European Parliament in Strasbourg to replace the 2019 regime.
• Negotiations continue with Washington for an exemption from U.S. steel tariffs as the EU seeks a coordinated transatlantic response to Chinese competition.
• Le Point reports the blueprint includes a permanent regime, a “melted and poured” anti-circumvention rule, and a limited estimated consumer price impact.
• Economic actors welcomed the move, with a Belgian union praising the plan and ArcelorMittal shares rising about 9% as Europe’s steelmakers face collapsing profitability and job cuts.