The European Commission (EC) set preliminary measures in the safeguard case on July 18
, in the form of a global Tariff Rate Quota (TRQ) on 23 product categories based on average import volumes over the past three years. Imports will only face a 25% tariff if the quota is exceeded.
The investigation was opened to prevent steel shipments being redirected to the EU as a result of the Section 232 import tariffs being imposed by the US.
The European decision,...