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EU steel producers fear job losses over US tariffs

AP  |  Brussels 

Europe's federation says Donald Trump's reasons for slapping tariffs on and aluminum are absurd and that the move could cost tens of thousands of jobs across the continent. said today that "the national security justification the has used - and the linking of these tariffs to NATO funding - is an absurdity." The exported about 5.5 million tons of to the US last year.

European producers are concerned about a loss of market access but also that from elsewhere will flood in. Eggert said "the loss of exports to the US, combined with an expected massive import surge in the EU could cost tens of thousands of jobs in the EU industry and related sectors.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 14:25 IST