Brussels cut the tariff-free steel quota and doubled the penalty duty, tightening access for Brazilian mills as Brasília demands compensation.
Brazil · Trade
Key Facts
—The measure. The European Union’s new steel regime took effect on July 1, replacing the safeguard system in place since 2019.
—The squeeze. The tariff-free quota falls about forty-seven percent to 18.3 million tonnes, and the penalty duty doubles to fifty percent.
—The grievance. Brasilia says Brussels fixed the country quotas on its own and is pressing for compensation.
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