The EU is launching a probe into the aluminium market in a move to protect the bloc’s beleaguered industry from an expected surge in cheap imports displaced by Donald Trump’s tariffs.
The European Commission on Wednesday will announce the probe, aimed at verifying a sudden surge in imports and targeting all trading partners, according to a document seen by the Financial Times. It will also tighten loopholes in its tariff regime on steel imports.
Last week, Donald Trump placed 25 per cent tariffs on all steel and aluminium imports, with the EU promising to retaliate with tariffs on up to €26bn of US products.
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