EU threatens customs war not only from the US, but also with China

The economic and investment environment led to an increase in the number of orders, which was followed by a rise in prices in the first quarter. In the second quarter, the situation will stabilize in price, also due to the announced amendments for some raw materials, says Marek Lolubovski, President of the European Steel Group.

After the introduction of customs duties, companies exporting to the United States can redirect large shipments to the European market.
Entrepreneurs are willing to raise political statements, wanting to be a partner for the state, therefore, the policy of banks and insurers in relation to the metallurgical industry has improved significantly.

Some exporters, such as China, are expected to redirect large shipments to the European market. The significant stock of materials in Europe will also affect prices. Europe will have to oppose steel products not only of American origin, but also of Chinese and other goods. Many other industries will also be affected. Then we can deal with a worldwide customs war.