The EU will slash steel import quotas and impose up to 50% tariffs starting Oct. 7 to shield producers from subsidized foreign steel.

The European Commission plans to cut steel import quotas by nearly half and impose tariffs up to 50% on excess imports starting October 7, mirroring U.S. and Canadian measures. The move aims to protect EU steelmakers from subsidized foreign competition, especially from East Asia, as current safeguards expire in 2026. The proposal follows earlier 15% quota reductions and reflects broader efforts to address global trade imbalances amid rising protectionist policies.