EU seeks to weld itself to the US with anti-China steel measures | Today Headline

Contributing sentiments towards policy:

64% : "This proposal . . . is going to be a very good basis for us to engage with the United States, where we can say that we now have a system of protection of the steel industry that is very strong," said a senior European Commission official.
64% : Many are calling for urgent action from the commission to improve the outlook.
58% : Maroš Šefčovič, EU trade commissioner, said he wanted to work with other like-minded countries to keep out steel from states that overproduce.
53% : The EU hopes its own action, partly aimed at locking out Chinese production, will convince Trump to lower them.
50% : The industry needed revenues to invest in recycling and circular plastics production but that would not happen without government support, she said.
48% : Washington claims that the EU exports some Chinese steel after mildly transforming it in the bloc, in order to skirt anti-dumping duties.
46% : "Europe's plastics industry in Europe is at a cliff edge and we are asking European but also member states, governments, to really help us
44% : Citing the potential risk of Russian retaliation for using the assets, which are held by the Brussels-based clearing house Euroclear, the government of Prime Minister Bart De Wever is demanding the rest of the EU provide financial guarantees to cover the loan.
40% : Context: Industries across the EU are battling a challenging landscape of US tariffs, high energy costs, cheap competition from China and red tape thanks to the EU's ambitious but bureaucratic legislative agenda.
39% : EU ambassadors will continue discussions on the issue today.
39% : Context: US President Donald Trump has kept in place his 50 per cent tariffs on EU steel and aluminium despite reaching a preliminary trade deal with the bloc in summer.

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