The average US rate of 25 % on all imports of steel and aluminum, which has been in force since March 12, has strongly affected steel producers in the European Union, while American consumers are forced to pay the protectionist policy bill.
Krakin for traditional industries and the economic base of Europe, the steel industry recorded disturbing losses. Data from the European Steel Association (Eurofer) revealed that the United States is The second largest export market For the European Union steel, 16 % of the total steel exports by 2024. However, steel exports to the United States have already decreased since the implementation of the customs tariff.
“We have lost a million tons. We are talking about a value of about two billion euros (about 2.26 billion dollars),” said EGGERT, the director of Eurofer, in an exclusive interview with Chinese Central TV.
EGGERT criticized our measurements, while emphasizing that it goes beyond mere commercial conflicts Settings strategy challenges To the industrial structure of Europe.
European industry leaders Click on the European Union to obtain a decisive responseHe said that the fees not only weaken the American goal of stimulating steel production, but also can also lead to unintended negative consequences.
“We expect the European Union measures to support our industry. It requires a firm reaction. This will also have a major impact on US steel consumers, which depends on European steel imports. There are a number of characteristics and products that American steel industry is not produced. The costs of the United States will increase by 25 % if they cannot get money from the US local markets. This is what is concerned for us solid consumers, “said eggert.