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EU Plans 25%–50% Tariffs on Chinese Steel Imports

A German newspaper reports that the European Union intends to impose significant tariffs on steel and related products from China.

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Terms & Concepts
  • Tariff: A tax or duty imposed by a government on imported or exported goods, used to restrict trade or raise revenue.
  • Steel Imports: The purchase and transportation of steel from foreign markets into a domestic economy for industrial or commercial use.