EU investigates aluminium imports to protect local industry
ft.com —
The EU is starting an investigation into aluminium imports to protect its industry from increased competition due to tariffs imposed by former U.S. President Donald Trump. The probe will assess a rise in imports and address loopholes in existing tariffs. The EU plans to tighten its tariff regime on steel and aluminium, responding to concerns about market share loss and high energy prices. It aims to prevent trade diversion from countries like the UAE, Russia, and India. Additionally, the EU will implement a carbon border tax next year and explore measures to support the industry in reducing carbon emissions. The commission is considering subsidies for green technology and changes to procurement rules to promote sustainable products.