EU Must Copy Trump's Steel Tariffs or Collapse, CEO Warns
The EU steel crisis has reached a breaking point right now as Chinese steel imports flood European markets, and it’s threatening industry collapse. Bernardo Velazquez, CEO of Spain’s Acerinox SA, warns that Europe must adopt Trump’s tariffs or face complete destruction of its European steel industry. Current trade protectionism measures are failing to stop the surge of cheap Asian steel that’s destroying domestic production. Also Read: New 10% Tariff Warning: Trump Targets BRICS ‘Anti-US’ Ties Trump’s Tariffs, China Steel, and Europe’s Failing Trade Defense Source: GMK Center Chinese Steel Imports Overwhelm European Markets An unprecedented wave of Chinese steel imports is driving the EU steel crisis and systematically undercutting domestic production, and pricing strategies are overwhelming European steel manufacturers who simply cannot match them while staying profitable. Traditional WTO safeguard mechanisms have completely failed against this surge...