Medill News Service: EU to impose tariff quotas on foreign steel

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An employee looks at hot steel at the ArcelorMittal steel plant of Grande-Synthe, Northern France.

WASHINGTON – The European Union will impose import tariff quotas of 25% on a number of steel products Thursday to protect the European market from the effects of the U.S. tariffs on steel and aluminum, the European Commission announced Wednesday.

The provisional safeguard measures – imposed against all countries outside the EU – cover 23 steel product categories. For each of the categories, tariffs of 25% will be levied only after imports exceed the average of the last three years.

The Commission is resorting to retaliatory tariffs to avoid a sudden increase of imports that would hurt European steelmakers.

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