Swiss steelmakers have called for an exemption for Swiss-origin steel imports into the European Union from the EU's preliminary safeguard measures, citing the "interconnectedness of the steel and steel processing industries of Switzerland and the EU".
To block materials redirected from the US after its imposition of Section 232 import tariffs on steel, the European Commission imposed preliminary safeguard measures in the form of a tariff rate quota (TRQ) for imports of 23 steel product types on July 19. Tariffs of 25% will only be imposed once the individual product quotas are filled."98% of Swiss steel imports are imported from the EU and 95% of Swiss steel exports go to the EU. The Swiss providers are worried that they will be forced out of the...