02 Oct 2025 | 5 Mins Read
EU to implement steel tariffs matching US levels
Flipitmoney
The European Union plans to boost tariffs on steel imports to 50%, mirroring US policy, and reduce quotas by almost half to alleviate local producers' impact from Asian overcapacity and US trade barriers. This permanent mechanism replaces the current temporary 25% tariff and is expected to benefit European steelmakers, with shares rising 4.4-8.7% after the announcement.