Germany supports the EU's tariffs on imported steel!
German Chancellor Merkel stated that Germany supports the European Commission's proposal to take strict measures to limit steel imports into the EU to protect the European industry.
"First of all, industry, especially the steel industry in Germany and Europe, needs effective foreign trade protection. We are facing serious challenges brought by changes in global trade policies, one side being the tariffs from the United States, and the other side being the shift in commodity flows, particularly from certain countries in Asia, which have flooded the steel market."
Merkel said that the European Commission has already proposed initial suggestions, "We agree to defend this idea in Brussels. These proposals are a step in the right direction. I will do my best to support these proposals and hope that the relevant rules will also be passed, to reduce import quotas and increase tariffs on quantities exceeding these quotas."
Previously, the European Commission announced that it would take strict protectionist measures to restrict steel imports into the EU, where steel import quotas were reduced by half, and tariffs increased from 25% to 50%.
Original: www.toutiao.com/article/1848084073337856/
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