protective measures - Latest news GMK Center

Progress on the steel deal between the EU and the US has been slow

A review of the relevant safeguards began in January 2023

Turkish measures were recognized as contrary to the norms of the World Trade Organization

Customs duties are suspended until March 31, 2025

Fixed duty rates vary from €17.6-96.5/t depending on the country and the manufacturing plant

The investigation covered imports for 2021

The parties continue negotiations on tariff quotas and the extension of the terms of the truce

The EC is striving to achieve a system that more closely reflects trade flows

Previously, the dumping margin was 19.3% and was effective from 2021

The bloc wants certainty about US tariffs and tariff quotas on European steel and aluminum

The parties failed to reach an agreement at the summit in October

Politicians probably need more time to agree on the details