Saturday, April 2, 2016

Steel Trade War Likely

It looks like a trade war in the offing with China selling steel at a loss worldwide while at the same time imposing a 46 percent tariff on imports of steel from Europe. The new tariff puts more pressure on European governments to withdraw the favorable treatment steel from China gets in Europe. That’s a move that trade unions and industry groups have been pushing for in Europe for three years.

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