EU Boosts Steel Protections With 50% Levy to Aid Industry (2)

The European Union unveiled fresh tariffs on Tuesday meant to shield its ailing steel sector, taking a page from Donald Trump’s protectionist playbook.

The European Commission, the EU’s executive arm, proposed 50% tariffs — twice the current rate — on all steel imports above a quota that will be cut by roughly 45%, confirming Bloomberg’s previous reporting.

“It is a very restrictive clause that does not have precedent in Europe,” EU industry commissioner Stephane Sejourne told Bloomberg News in an interview. He said that, once in place, only around 10% of the steel used in the EU market will ...