Co -effect of fees Excessive offer. European Commission officials describe the “Dynamic” trip Products subject to fees They can travel from American markets to the European shores.
“There may be a deviation from trade, and some countries can no longer export their products to the US OP in alternative markets,” says a senior EU official. “Of course, we will be ready to protect our market, We are not going to absorb any size or quantity“He says more.
China caught the attention of the EU 54%accumulated on Wednesday after they imported to the United States. It is possible Your steel Stay one of the most capable products that splash the EU market, especially taking into account the stupid Chinese construction industry. The same senior official says, “Steel is not consumed in China,” says the European Union.
The Chinese steel and the European Union have already been affected by 25% fees. According to OECD data on April 1, excessive world steel capacity 2024 to 602 million tonnes to 721 million in 2027. It refers to five times more than steel production, according to the European association, the European association, which represents the steel industry.
Other Chinese products are also expected to seek new marketing opportunities in the EU. “EuroNius’ explains that“ renewable energies such as electronic devices and solar panels or wind turbines also represent a risk to the EU ” Alicia Garcia Herrero‘Think Tank’ is an expert in Asian markets. Electric vehicles.
The Commission plans to monitor world markets when US mutual fees for China and other countries in the world are in effect, On April 5 and 9. “As far as China is concerned, we have already passed in the steel industry, especially when the US closed its market in 2017.
These activities are recognized by the standards of the World Trade Organization, Allow to reduce imports from some products Visit a product in a given market suddenly. The officer concludes, “This method for steel has a long time. It is very soon to know if it is necessary for other sectors. We are reading it carefully.”
