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EU industry steels itself for U.S. tariffs

Reuters  |  FRANKFURT/LONDON 

By Christoph Steitz and Maytaal AngelFRANKFURT/LONDON (Reuters) - European steelmakers are pinning their hopes on the European Union being able to negotiate an exemption from new U.S. steel import tariffs that have raised fears of a damaging trade warShare prices initially fell across the European steel sector on Friday, but there was something of a mixed picture, with two of the bloc's biggest producers saying the move will have limited impact on them. U.S. President Donald Trump announced import tariffs of 25 percent on steel and 10 percent on aluminium on Thursday, exempting Canada and ...

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First Published: Fri, March 09 2018. 23:21 IST
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