Bankinter | The European Commission could announce tariffs on imported steel and reduce current quotas next week, according to press reports. The European Commission could establish a permanent mechanism to raise tariffs on imported steel and reduce current quotas and tariffs, which could reach 50% on imports exceeding those quotas. Bankinter analysis team’s view: If confirmed, this would be good news for companies with a presence in Europe, which would…

Alphavalue/ Divacons | The European Commission yesterday presented an ambitious proposal for the European Union to reduce its net greenhouse gas emissions by 90% by 2040, compared to 1990 levels. The proposal includes new flexibilities designed to ease the burden on domestic industries. Under the plan, the EU could purchase carbon credits from developing countries, which could account for up to three percentage points of the overall 90% reduction target.

Bankinter | The European Commission (EC) is to reinforce the steel safeguard clause, as of 1st April. The EC will reinforce steel safeguard measures as of 1st April to ensure their effectiveness, in response to the tariffs established by the United States on 12th March (25% on all steel and aluminium imports). The EC is working on a new long-term safeguard clause to maintain ‘highly effective protection’ for the sector,…