{"id":390958,"date":"2026-04-14T04:43:07","date_gmt":"2026-04-14T04:43:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/390958\/"},"modified":"2026-04-14T04:43:07","modified_gmt":"2026-04-14T04:43:07","slug":"eu-doubles-steel-tariffs-to-50-to-curb-surge-of-cheap-chinese-imports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/390958\/","title":{"rendered":"EU doubles steel tariffs to 50% to curb surge of cheap Chinese imports"},"content":{"rendered":"

EU lawmakers and countries agreed to double tariffs<\/a> on foreign steel<\/a> on Monday, to shield the bloc’s struggling industry<\/a> from a flood of cheap Chinese exports<\/a>.\u00a0<\/p>\n

European Union<\/a> governments and parliament representatives reached a late evening deal to hike levies on steel imports to 50 percent and slash the volume allowed in before tariffs apply by 47 percent.<\/p>\n

“The shape and global standing of Europe<\/a>‘s steel sector are fundamental to our strategic autonomy and industrial strength. We therefore cannot afford to turn a blind eye to global overcapacity reaching critical levels,” commented the EU’s trade chief, Maros Sefcovic.\u00a0<\/p>\n

“Today’s outcome helps bring much-needed stability for our producers to thrive in Europe”.\u00a0<\/p>\n

Read more‘Most challenging situation\u2019 for transatlantic relations as Trump threatens EU with tariffs<\/a><\/p>\n

Under the deal, which follows a proposal put forward by the European Commission<\/a> last year, import tariff-free quotas will be reduced to 18.3 million tons a year — the total volume of steel the EU imported in 2013.<\/p>\n

That year was chosen because the EU considers the market became unbalanced from that point on because of excess production — mainly due to China<\/a>, which massively subsidises local steelmakers and now produces more than half the world’s steel.<\/p>\n

The new measures will apply to imported products from all countries, except for European Economic Area members Iceland<\/a>, Liechtenstein<\/a> and Norway<\/a>.\u00a0<\/p>\n

They will replace the current safeguard scheme, which imposes 25-percent duties beyond set import quotas but ends at the end of June.\u00a0<\/p>\n

The deal is provisional and needs to be officially endorsed by the European Council<\/a> representing member states and the parliament before it is formally adopted.<\/p>\n

(FRANCE 24 with AFP)<\/p>\n","protected":false},"excerpt":{"rendered":"EU lawmakers and countries agreed to double tariffs on foreign steel on Monday, to shield the bloc’s struggling…\n","protected":false},"author":2,"featured_media":390959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,63,1685,85,46,3464,4315,3793],"class_list":["post-390958","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-europe","tag-european-union","tag-il","tag-israel","tag-steel","tag-tariffs","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/390958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=390958"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/390958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/390959"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=390958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=390958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=390958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}