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Trump policy threatens tens of thousands of jobs in the European steel industry?

- Apr 17, 2018 -


     Trump policy threatens tens of thousands of jobs in the European steel industry?


The German n-TV news website reported that Eurofer severely criticized the United States for imposing punitive tariff measures, claiming that Trump’s move was “harmful” and could result in the loss of tens of thousands of jobs in Europe. A Eurofer spokesman said that European steelmakers will suffer heavy losses in their most important export markets and demand that the EU immediately issue protection measures for the steel industry. The U.S. Tariff Policy will cause the other involved steel companies to significantly shift to the European market. If the import of steel is significantly increased and the development of European companies is jeopardized, the introduction of protective measures is in principle in conformity with the WTO rules. Eurofer officials said that the European Commission has announced that it will take immediate action. This is a good thing. When the United States damages the international trading system, the EU cannot stand idly by.