EU has existing tools to reduce pain of steel tariffs, Thyssenkrupp executive says

Europe already has tools to reduce the impact of Trump tariffs and Chinese over-capacity on the EU steel industry, such as stopping Russian imports of the metal, a Thyssenkrupp executive board member said on Thursday. The European Union banned steel imports from Russia after its invasion of Ukraine, with its shipments to be phased out incrementally. Stopping those completely is among the tools the bloc can use to help its steel industry weather Trump tariffs and a Chinese supply glut, Thyssenkrupp board member Ilse Henne said during a conference with EU trade chief Maros Sefcovic.

Reuters

59 minutes ago