EU industry ministers to meet over steel tariffs

BSS
Published On: 25 Feb 2025, 09:53

PARIS, Feb 25, 2025 (BSS/AFP) - European industry ministers will meet in Paris on Thursday to discuss measures to maintain steel production in Europe in response to US tariffs, France's industry ministry announced late Monday.

Europe's steel industry is reeling from US President Donald Trump's executive order to impose 25 percent tariffs on steel and aluminium imports from March 12, despite warnings from Brussels.

Ministers from some 15 European steel producing countries are expected at the Paris meeting, the French ministry said.

Participants will share findings and solutions with other stakeholders in the steel industry "both companies and unions" and are expected to sign a joint declaration on protecting Europe's steel industry, the ministry said.

The sector, which employs more than 300,000 workers in Europe, has already been buffeted by Chinese low-cost steel overproduction and high energy prices in Europe.

The European Union has already said the tariffs are unjustified and economically counterproductive.

In 2018, Trump slapped tariffs during his first presidency on steel and aluminium exports -- forcing the EU to respond with its own higher duties.

 

  • Latest
  • Most Viewed
Discussions with development partners are ongoing: Salehuddin
International Day of Older Persons observed in Magura
ADB likely to come up with around $2.5b project financing in 2026
Elderly citizens are not a burden to society: Speakers
International Day of Older Persons observed in Manikganj
U-17 women's football team play 1st practice match tonight  
Hilsha under drone surveillance for safe spawning
Media support crucial for successful vaccination campaign 
Travel ban imposed on ex-AL MP Shamsul, family members
Indian mobile phones seized in Cumilla
১০