EU plans 25% to 50% tariffs on Chinese steel, related products, Handelsblatt reports

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With tariffs of up to 50 percent on steel imports and a link between procurement and rules, the EU is about to react to the trade policy of the US and China, which aims to restore a balance in the world market, says one Commissioner.

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As the "Handelsblatt" reports, the EU Commission intends to impose far-reaching protective tariffs of up to 50 percent on Chinese steel and products made from it in the coming weeks.

Deutschlandfunk

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According to a media report, the European Union is considering imposing high tariffs on imports of steel from China.

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Commission President Ursula von der Leyen said earlier this month that she would propose a new method to curb steel imports