The provisional measures concern 23 steel product categories and will take the form of a Tariff Rate Quota. For each of the 23 categories, tariffs of 25% will only be imposed once imports exceed the average of imports over the last three years. The quota is allocated on a first come first serve basis, thus at this stage not allocated by individual exporting country. These measures are imposed against all countries, with the exception of some developing countries with limited exports to the EU. Given the close economic links between the EU and the European Economic Area countries (Norway, Iceland, and Liechtenstein), they have also been exempted from the measures.
Please note Switzerland has not been exempted.
The provisional safeguard measures can remain in place for a maximum of 200 days. All interested parties will now have the opportunity to comment on the findings of the investigation so far. The Commission will take these comments into consideration in order to reach its final conclusion, at the latest by early 2019.
The regulation enters into force today 18th July 1018.
You can access the press release here: http://europa.eu/rapid/press-release_IP-18-4563_en.htm
