World News: 10:05 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
Europe urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its 'safeguard' measures designed to limit incoming steel and prevent a surge of imports as a result of Washington's 25% import tariffs, which have effectively closed the U.S. market. 'The EU has announced safeguard measures but they weren't effective,' Chief Executive Lakshmi Mittal told Frankfurter Allgemeine Zeitung.
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