The European Association said the steel tariffs could cause billionaire risks to EU
The 25% of the United States rate on all steel and aluminum imports in effect from March 12 has severely affected EU steel producers, while US users have to pay a protective policy bill.
As a pillar of traditional industries and the economic base of Europe, the steel industry has recorded terrible losses. The data from the European Steel Association (Eurofer) revealed that the US The second largest export market For EU steel producers, by 2024, there are 16% of the total steel exports. However, steel exports have already declined from tariff implementation to the United States.
“We have lost a million tonnes. We are talking about the value of two billion euros (about 26 2.26 billion), and this leads to reducing employment capacity and job losses in Europe,” European Director Axel Egger said in a special interview to China Central Television.
Eugger criticized US measurements that were just insisting that they were just beyond trade disputes and Current strategic challenges To the industrial structure of Europe.
Leaders of European industry Pressing EU for a decisive response.
“We hope that actions from the European Union will support our industry. It takes a reaction to the reaction to the reaction. It also has a huge impact on US steel users, depending on the European Union Steel imports. There are many features and products The US Steel Industry is not producing. US steel users will increase expenses by 25% if the US cannot receive funds from domestic markets. And it is a concern for us steel users, ”said Agart.
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