The European Union is implementing a significantly tougher steel import regime starting July 1, halving the volume of duty-free steel it will accept from abroad and raising tariffs on remaining shipments.
The move marks a decisive escalation in Brussels' efforts to shield domestic producers, but it also imposes immediate headwinds on trading partners and downstream industries across the continent.
Switzerland faces a particularly sharp adjustment, with its duty-free quota slashed by 33%.
Switzerland faces a particularly sharp adjustment, with its duty-free quota slashed by 33%.
Swissmem, the federation of Swiss manufacturing industries, has warned that the new restrictions will severely constrain Swiss steel exporters.
Despite Bern’s request for an exemption, the EU has proceeded with the broader protectionist framework, leaving Swiss producers to navigate a narrower window for tariff-free access to the single market.
The policy shift extends beyond trade barriers to include a "Buy European" preference, effectively prioritizing domestic supply chains.