The Trump administration 'appreciates' Brussels' efforts to tackle 'global overcapacities', says a senior EU official

The EU caps tariff-free steel imports at 18.3 million metric tons, a 47% cut from 2024 levels, with out-of-quota tariffs doubling to 50% starting July 1.

The European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capacity utilization. Annual tariff-free…