EU Parliament adopts higher tariffs on foreign steel to battle China’s cheap exports
The European Parliament has approved a significant increase in tariffs on foreign steel to protect the EU's steel industry from cheap imports, particularly from China. The new measures will double tariffs to 50 percent and reduce the volume of steel imports allowed before tariffs apply. This decision reflects the EU's strategy to combat global overcapacity and ensure fair competition in the steel market.
- ▪The European Parliament voted 606 to 16 in favor of increasing tariffs on foreign steel imports.
- ▪Tariffs on steel imports will be raised to 50 percent, with import quotas reduced by 47 percent.
- ▪The new measures are set to take effect on July 1, 2026, pending final approval from EU member states.
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EU Parliament adopts higher tariffs on foreign steel to battle China’s cheap exportsSign up now: Get ST's newsletters delivered to your inboxChina massively subsidises local steelmakers and now produces over half the world’s steel.PHOTO: AFPPublished May 20, 2026, 12:42 AMUpdated May 20, 2026, 12:42 AMSTRASBOURG, France - The European Parliament gave its final approval May 19 to double tariffs on foreign steel in a bid to protect the EU’s beleaguered industry from cheap Chinese exports.Lawmakers voted by 606 to 16 in favour of hiking levies on steel imports to 50 per cent and slashing the volume allowed in before tariffs apply by 47 per cent.Under the new measures, which follow a proposal put forward by the European Commission in 2025, import tariff-free quotas will be reduced to 18.3…
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