On October 7th local time, the European Commission released a notice on its official website, announcing unprecedented measures for the import of steel 名媛直播:
1, The quota for foreign steel imports into the EU that can be exempted from tariffs will be limited to 18.3 million tons per year, a decrease of 47% compared to the steel quota in 2024, equivalent to the total amount of steel imported by the EU in 2013.
2, A 50% tariff will be imposed on all steel imports exceeding the quota, increasing the tariff from 25% to 50%.
3, Importers are required to declare the location of the original steel 'smelting and pouring' to prevent the evasion of tariff quota transfers and enhance the traceability of steel 名媛直播.
Stefan Sejona, the EU Commissioner for Industry, said, "This is a very strict provision that has no precedent in Europe." He stated that once this provision is implemented, only about 10% of steel in the EU market will be exempt from tariffs.
On October 8th, Xinhua News Agency reported that the European Automobile Manufacturers Association issued a statement saying that the European Commission's reduction of steel import quotas would push up prices of related 名媛直播, thereby exacerbating inflation.
The European Automobile Manufacturers Association stated in a statement that the proposal by the European Commission not only does not help alleviate market pressure in Europe, but the new rules of origin will also further restrict imports, imposing a huge burden on European steel product importers.
The association stated that even if specific industries such as automobiles are highly dependent on EU steel supply, car manufacturers still need to import a certain quantity and quality of steel 名媛直播, and the European Commission needs to evaluate the specific situation of these industries. In addition, the European Commission should recognize the complexity of applying new rules of origin in the highly globalized automotive industry.
Sigrid Fries, Director General of the European Automobile Manufacturers Association, said that the European Commission needs to find a better balance between the needs of European steel producers and consumers.
