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Economy
EU steel chief touts quotas and cooperation with US on overcapacities
According to Axel Eggert, the chief of EUROFER, the European steel lobby, tariff-rate quotas are the best solution to put an end to existing US levies on imports of steel and aluminium. He also believes that the joint fight against Chinese overcapacities should be a shared objective with the US.
USA
EU 'strongly regrets' Trump's 50% steel and aluminium tariff hike
During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.
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Economy
Trump to announce tariffs on steel and aluminium, with more coming
Trump's comments on 25% tariffs are the latest example of his willingness to threaten, and in some cases to impose, import taxes. Tariffs are coming much earlier in his presidency than during his previous four years in the White House, when he prioritised tax cuts and deregulation.
Business
Euroviews. Europe’s tough choice: Aluminium sanctions or climate goals
If Europe decides to ban imports of aluminium from Russia, it would need to find a source capable of replacing roughly 500,000 tonnes of material per year. And the list of alternatives is quite limited, Chris Weafer writes.
