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Tata Steel Europe: Europe Needs Appropriate Measures Against Steel Tariffs

"We need appropriate measures against a negative influence on the European market,"

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One of the blast furnaces of the Tata Steel plant is seen at sunset in Port Talbot, South Wales, May 31, 2013. VOA

India’s Tata Steel is concerned about U.S. plans to impose tariffs on steel imports, a senior executive at the group’s European unit said on Wednesday.

“We need appropriate measures against a negative influence on the European market,” Henrik Adam, chief commercial officer at Tata Steel Europe, told an industry conference. “We believe in fair, free trade.”

ALSO READ: India’s Steel Makers: New policy for Domestic Steel Sector plans to treble India’s steel production capacity by 2030

tata steel
President Donald Trump announced last week he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada. Wikimedia Commons

Adam said it was still unclear what exactly the tariffs would look like but warned there was a risk that the European market might be forced to absorb imports originally meant for the U.S. market as a result.

ALSO READ: UK’s Indian Origin Steel Tycoon Sanjeev Gupta to Create 300 New Jobs in a steel division formerly owned by Tata Steel

Adam said the U.S. market was relevant for Tata Steel Europe, which is currently working on merging with the European steel business of German rival Thyssenkrupp, adding it makes about half a billion euros of annual sales there.

Next Story

U.S. President Donald Trump Vetoes Measure to End U..S Involvement in Yemen War

ump issued his first veto last month on legislation related to immigration. Trump had declared a national emergency so he could use more money to construct a border wall. Congress voted to block the emergency declaration and Trump vetoed that measure.

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Yemen
Men inspect the site of an airstrike by Saudi-led coalition in Sanaa, Yemen, April 10, 2019. VOA

President Donald Trump on Wednesday vetoed a bill passed by Congress to end U.S. military assistance in Saudi Arabia’s war in Yemen.

In a break with the president, Congress voted for the first time earlier this month to invoke the War Powers Resolution to try to stop U.S. involvement in a foreign conflict.

The veto — the second in Trump’s presidency — was expected. Congress lacks the votes to override him.

“This resolution is an unnecessary, dangerous attempt to weaken my constitutional authorities, endangering the lives of American citizens and brave service members, both today and in the future,” Trump wrote in explaining his veto.

Congress has grown uneasy with Trump’s close relationship with Saudi Arabia as he tries to further isolate Iran, a regional rival.

Many lawmakers also criticized the president for not condemning Saudi Arabia for the killing of Jamal Khashoggi, a Saudi who lived in the United States and had written critically about the kingdom. Khashoggi went into the Saudi consulate in Istanbul last October and never came out. Intelligence agencies said Saudi Crown Prince Mohammed bin Salman was complicit in the killing.

U.S.
Congress has grown uneasy with Trump’s close relationship with Saudi Arabia as he tries to further isolate Iran, a regional rival. VOA

The U.S. provides billions of dollars of arms to the Saudi-led coalition fighting against Iran-backed rebels in Yemen. Members of Congress have expressed concern about the thousands of civilians killed in coalition airstrikes since the conflict began in 2014. The fighting in the Arab world’s poorest country also has left millions suffering from food and medical care shortages and has pushed the country to the brink of famine.

House approval of the resolution came earlier this month on a 247-175 vote. The Senate vote last month was 54-46.

Democratic Rep. Eliot Engel of New York, chairman of the House Foreign Affairs Committee, voted to end U.S. military assistance to the war, saying the humanitarian crisis in Yemen triggered “demands moral leadership.”

Donald Trump
President Donald Trump on Wednesday vetoed a bill passed by Congress to end U.S. military assistance in Saudi Arabia’s war in Yemen. VOA

The top Republican on the committee, Rep. Michael McCaul of Texas, acknowledged the dire situation in Yemen for civilians, but spoke out in opposition to the bill. McCaul said it was an abuse of the War Powers Resolution and predicted it could disrupt U.S. security cooperation agreements with more than 100 countries.

Also Read: Despite Tariff War With U.S, China’s Economic Growth is Steady

Trump issued his first veto last month on legislation related to immigration. Trump had declared a national emergency so he could use more money to construct a border wall. Congress voted to block the emergency declaration and Trump vetoed that measure. (VOA)