On Wednesday, the European Union will announce an investigation to protect the turbulent aluminum sector in Europe from a flood of cheap imports due to its rise in the United States, according to a document witnessed by Agence France -Presse.
Brussels is concerned about a possible impact on the mineral industry, which is already fighting US President Donald Trump’s tariff by 25 percent on steel and aluminum imports, which entered into force this month.
“The American definitions of aluminum are more likely to exacerbate the situation, given the great threat to transform trade from multiple destinations,” plans a draft of the European Union to support the sector.
“This is the reason that the committee started collecting relevant evidence, given the use of trade defense tools,” said the document that may change before the publication.
The commercial defense tools at the disposal of the European Union include opening an investigation into whether there is a sudden increase in aluminum imports, which may lead to import restrictions.
The mineral sector in Europe is made up of a series of bad news at the end of 2024.
Thyssenkrup, Thyssenkrup, has announced plans to reduce 11,000 jobs in the steel section, while the Arceelormittal giant has postponed its investments throughout Europe.
In addition to the Trump tariff, which the European Union responded to by announcing its own duties on up to 28 billion dollars of American goods, the document’s draft puts a set of challenges.
These include high energy costs, unfair international competition, financing to Decibons and “organizational burden”.
Brussels already has measures – including import limits – in place to protect the steel industry.
The document indicates that it is now preparing to do the same for aluminum, pointing to European Union producers losing a “big market share over the past decade.”
Plans come as part of a broader batch to enhance the competitiveness of the continent and protect European industries from unique competition abroad.
European Union Industry President Stefan Segorn will formally refer on Wednesday.
The document indicated that minerals are crucial to meeting military needs in Europe, as they seek to re -invest in investment and intensify it in the defense sector.
Thinking after June 2026, the document said that Brussels will provide “a long -term measure that provides a very effective level of protection for the European Union steel sector.”
“We will be more vigilant than managing the shares of steel products that enter the European market,” said Marus Sivkovic, head of economic security in the European Union.
The European steel industry is currently hiring more than 300,000 people – but has lost nearly 100,000 jobs in the past fifteen years.
This story was originally shown on Fortune.com
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