Wednesday January 23, 2019
Home India Tata Steel Eu...

Tata Steel Europe: Europe Needs Appropriate Measures Against Steel Tariffs

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

0
//
tata steel
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

US President Donald Trump Made Thousands of False Claims in Two Years

According to Fact Checker, there were only 82 days or about 11 per cent of the time that there were recorded no claims

0
Trump
President Donald Trump speaks about American missile defense doctrine, Jan 17, 2019, at the Pentagon. VOA

Two years after taking the oath of office, US President Donald Trump has made 8,158 false or misleading claims, according to The Washington Post’s database.

The daily’s Fact Checker’s database analyses, categorises and tracks every suspect statement uttered by the President, it said in the report on Monday.

In 2018, he made an “astonishing” 6,000-plus such claims.

The President averaged nearly 5.9 false or misleading claims a day in his first year in office, but he hit nearly 16.5 a day in his second year, almost triple the pace.

The Washington Post started the Fact Checker online project as part of its coverage of the President’s first 100 days, “largely because we could not possibly keep up with the pace and volume of the President’s misstatements”.

The project’s interactive graphic displays a running list of every false or misleading statement made by Trump. A reader can also search for specific claims or obtain monthly or daily totals.

According to Fact Checker, the President in his first 100 days made 492 unsupported claims.

Trump
FBI probed whether Trump was working for Moscow: Report. VOA

He managed to top that number just in the first three weeks of 2019.

Before the midterm elections in October, he made more than 1,200 false or misleading claims.

The biggest source of misleading claims is immigration, with a tally that has grown with the addition of 300 immigration claims in the past three weeks, for a total of 1,433, the Fact Checker said.

Also Read- Chinese Shares Open Lower; Yuan Weakens

In the President’s immigration address on January 19, the last day of his second year in office, there were 12 false or misleading claims.

According to Fact Checker, there were only 82 days or about 11 per cent of the time that there were recorded no claims.

“These were often days when the President golfed,” it added. (IANS)