European Union agrees to double steel import tariffs to 50% to curb cheap inflows from China

The European Union has agreed to double steel import tariffs to 50% and cut duty-free quotas to curb a surge in cheap imports, largely from China. The move aims to protect domestic producers amid falling output and rising imports.EU Trade Commissioner Maros Sefcovic said the step is key to safeguarding industrial strength, while industry body Eurofer said it could help protect 230,000 jobs.