EU steel tariffs trigger selloff in auto stocks

European auto stocks plunged sharply today after the European Commission shared its sweeping plan to tighten steel trade rules on Tuesday. The Commission had said that it would slash tariff-free quotas by almost half and lift duties to 50% on excess imports. The announcement, described as “strong and permanent protection” for the steel industry, knocked […] source: https://www.cryptopolitan.com/eu-steel-tariffs-trigger-selloff-auto-stocks/