EU
countries voted on Thursday in favor of provisional measures proposed
by the European Commission to curb steel imports into the bloc,
according to a Commission spokesman.
The
Commission has proposed a combination of a quota and a tariff to
prevent a surge of steel imports, notably since the United States
imposed levies on incoming steel and aluminum. “This is intended
to prevent the negative effects of trade diversion, but at the same
time maintain traditional supply and effective competition on the EU
market,” the spokesman said.
The
quota would be a reflection of imports over recent years, with a
25-percent tariff set for volumes exceeding that amount, Reuters
said, citing sources familiar with the proposal.
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