Swiss president labels EU steel tariffs as counterproductive

Guy Parmelin has expressed his discontent over steel tariffs recently approved by the European Union. Parmelin, who is also economics minister, called the tariffs "unacceptable" in an interview with Swiss public radio SRF on Saturday. Parmelin said he had warned European Commission President Ursula von der Leyen of a possible "own goal". Since Switzerland is strongly integrated in steel supply chains, e.g. in the aerospace sector, he said these tariffs could prove counterproductive. +Get the most important news from Switzerland in your inbox The EU plans to introduce new measures to defend its steel sector from July 1. These include, among other things, a reduction of duty-free import quotas by about half compared to what has been planned so far, including for Swiss producers. The Swiss government and the European Commission are expected to negotiate new quotas within the framework of the World Trade Organisation. Dissatisfaction with cross-border workers regulations Parmelin also ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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