The European Fee has moved to chop free-trade quotas by 47% for metal and metal merchandise and to double out-of-tariff import responsibility to 50%, taking a leaf out of Donald Trump’s protectionist playbook. It is a strategy to shield the continent’s struggling trade within the face of Trump’s disruptive commerce coverage and a world oversupply of the steel. In the meantime, Donald Trump hosted Canada’s Prime Minsiter Stephen Carney as the 2 sides hope to work out a commerce deal.
EU proposes halving metal import quota and doubling out-of-quota tariffs to 50%
By Emily Turner
