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    Home > Headlines > European Commission prepares to propose a levy of 50% on steel imports worldwide, FT says
    Headlines

    European Commission prepares to propose a levy of 50% on steel imports worldwide, FT says

    Published by Global Banking & Finance Review®

    Posted on October 6, 2025

    1 min read

    Last updated: January 21, 2026

    European Commission prepares to propose a levy of 50% on steel imports worldwide, FT says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:European CommissionGlobal tradefinancial markets

    Quick Summary

    The European Commission plans a 50% tariff on steel imports exceeding 2013 quotas, potentially impacting global trade.

    Table of Contents

    • Overview of Proposed Steel Tariffs
    • Details of the Proposal
    • Implications for Global Trade

    European Commission Set to Propose 50% Tariff on Global Steel Imports

    Overview of Proposed Steel Tariffs

    (Reuters) -The European Commission intends to propose tariffs of 50% on steel imports worldwide above a quota set at 2013 levels, the Financial Times reported on Monday, citing a document.

    Details of the Proposal

    Reuters could not immediately verify the report.

    Implications for Global Trade

    (Reporting by Gursimran Kaur in Bengaluru; Editing by Chris Reese)

    Key Takeaways

    • •European Commission plans a 50% tariff on steel imports.
    • •Tariffs apply to imports exceeding 2013 quota levels.
    • •Proposal aims to protect EU steel industry.
    • •Report by Financial Times, unverified by Reuters.
    • •Potential significant impact on global trade.

    Frequently Asked Questions about European Commission prepares to propose a levy of 50% on steel imports worldwide, FT says

    1What are steel imports?

    Steel imports refer to the purchase of steel products from foreign countries, which can impact local markets and economies.

    2What is the European Commission?

    The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.

    3What is the significance of tariffs on imports?

    Tariffs on imports can protect domestic industries from foreign competition, influence trade balances, and affect consumer prices.

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