European Union Says New Tariffs On Imported Steel `Working Well`
(WorldNews Belgium)

Steel tariffs introduced by the European Union to protect domestic manufacturers against a surge in imports have `worked well,` the European Commission said Wednesday, Deutsche Welle reports. The EU introduced 25-percent tariffs on 23 categories of steel products provisionally in July 2018 to offset the United States` increase in tariffs on global imports. These measures were then introduced as a permanent feature in February 2019 to prevent `serious injury for the EU steel industry caused by increased imports and trade diversion, as a consequence of the U.S. decision last year to impose tariffs on steel products.` A study into the EU`s tit-for-tat response by the Union`s executive branch,...