A proposed increase to EU steel tariffs has already sown alarm among the continent’s car manufacturers, with stocks of major players plunging in the immediate aftermath of the announcement and industry insiders warning the measures could worsen cost pressures already weighing down growth in the sector.
Following a Tuesday statement from the European Commission that it would cut tariff-free quotas for imported steel products by nearly half and double duties on excess shipments to 50 per cent – a…A proposed increase to EU steel tariffs has already sown alarm among the continent’s car manufacturers, with stocks of major players plunging in the immediate aftermath of the announcement and industry insiders warning the measures could worsen cost pressures already weighing down growth in the sector.
Following a Tuesday statement from the European Commission that it would cut tariff-free quotas for imported steel products by nearly half and double duties on excess shipments to 50 per cent – a…  Read More ​Global Economy – South China Morning Post