EU issues new steel and e-commerce regulations to reduce trade imbalance with China
- BRUSSELS -- The European Union rolled out two measures to protect its steel industry and limit e-commerce small parcels on Wednesday as the 27-nation bloc grapples with its staggering trade imbalance with China.
- “Today’s change is about restoring fairness for European businesses and better protecting our consumers,” European Commission President Ursula von der Leyen said in an online post praising a new 3 euro ($3.42) customs duty on small packages.
- “The surge in low-value online imports has put our retailers at an unfair disadvantage.
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- BRUSSELS -- The European Union rolled out two measures to protect its steel industry and limit e-commerce small parcels on Wednesday as the 27-nation bloc grapples with its staggering trade imbalance with China.
- “Today’s change is about restoring fairness for European businesses and better protecting our consumers,” European Commission President Ursula von der Leyen said in an online post praising a new 3 euro ($3.42) customs duty on small packages.
- “The surge in low-value online imports has put our retailers at an unfair disadvantage.
Sources: ABC News