Published by Global Banking and Finance Review
Posted on October 6, 2025
1 min readLast updated: January 21, 2026
The European Commission plans a 50% tariff on steel imports exceeding 2013 quotas, potentially impacting global trade.
(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.
Reuters could not immediately verify the report.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Chris Reese)
Steel imports refer to the purchase of steel products from foreign countries, which can impact local markets and economies.
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.
Tariffs on imports can protect domestic industries from foreign competition, influence trade balances, and affect consumer prices.
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