EU states support EC plan for new tariff

Posted on 10 July 2018
 

Source: Kallanish

 

The European Commission has confirmed that member states who gathered last week to discuss the possible new tariffs against steel imports gave "…overwhelming support" to the commission's plan.

As reported by Kallanish, the new temporary measures are set to enter into force next week. They should include a 25% duty after a rate quota is surpassed. The quota is expected to be calculated on a global level and not on a country-base as requested earlier by Eurofer.

"On the basis of the investigation to date, the Commission considers that provisional measures are warranted,” the commission said in a statement published at the end of last week. “The most recent import statistics show trade diversion of steel products into the EU as a result of the additional 25% tariff on steel imposed by the US. The investigation continues at least until the end of 2018. The Commission has also put in place a surveillance system for imports of aluminium to be prepared in case action will be required in that sector.”



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