UK Business Secretary Peter Kyle will meet EU Trade Commissioner Maroš Šefčovič to discuss planned EU tariff-free import reductions for British steel. The EU's proposed 47% cut from July 1st, alongside the UK's 60% reduction, sparks fears of collateral damage and retaliatory measures, impacting industries on both sides.
UK Business Secretary Peter Kyle will meet EU trade commissioner Maroš Šefčovič to discuss planned EU cuts to tariff-free steel imports. The UK industry fears "devastating" consequences from the EU's 47% reduction, while EU leaders worry about UK retaliation. Both sides are introducing safeguards against Chinese competition, but fears grow of collateral damage.
French liberal MEP Christophe Grudler has criticized the EU Commission's proposed 'Made in Europe' procurement rules as 'outdated,' arguing geography should be the guiding principle for determining which countries qualify. He wants to limit the provisions to EEA countries and Switzerland, while Germany and Nordic countries prefer a broader 'like-minded' approach. China has voiced strong opposition to the measure, which aims to counter foreign competition in strategic sectors including clean tech, cars, and energy-intensive industries.
French liberal MEP Christophe Grudler, who will lead negotiations on a “Made in Europe” law in the European Parliament, told Euronews the European preference proposed by the European Commission to counter foreign competition in the EU market extends too many non-EU countries.
