The EU Also Started A Trade War And Initiated Investigations Into Safeguard Measures For Imported Steel Products.

- Mar 29, 2018 -

  In response to the United States steel and aluminum high tariff measures, the European Commission announced on the 26th that the investigation of safeguard measures for imported steel products.

  The European Commission stated in a statement on the same day that the investigation of steel safeguard measures involved steel products exported to the European Union from all over the world. If the investigation proves that action is necessary, the EU may impose import tariffs or implement quotas to protect the EU steel production. Businesses are protected from "over-importation".

  The European Commission said that the survey initiated on that day involved 27 steel product categories and will in principle be completed within 9 months.

  In response, Wang Hejun, director of the Trade Relief and Investigation Bureau of the Ministry of Commerce of the People's Republic of China, said on the same day that China hopes that the EU will adopt prudent measures.——Yeslinkele.com

                                                                  


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