protective measures - Latest news GMK Center

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

The investigation will examine whether the increase in imports is hurting local producers

Current duty rates on these imports are 16.89-22.55%

The US is focused on reaching new agreements with the EU, even if it takes additional time

Currently, the parties are aiming to reach an agreement by the end of the year

The EU and the US are expected to reach a Global Agreement on Sustainable Steel and Aluminum Production this week

The country's commerce ministry believes it will disrupt global supply chains

The US has asked the bloc to take action in exchange for avoiding Section 232 tariff rollbacks