Electric arc furnace steel, also known as electric furnace short process steelmaking, refers to steel made by melting and refining raw materials in an electric furnace using scrap steel, alloy materials, or graphite electrodes made from initial steelmaking.

【Tariffs】U.S. Imposes Steel and Aluminum Tariffs, EU, Canada, Brazil, and South Korea Respond

On March 12, the United States officially imposed a 25% tariff on all imported steel and aluminum, prompting swift countermeasures from multiple countries and escalating international trade tensions. The responses from the EU, Canada, Brazil, and South Korea are as follows:

EU Announces Counter-Tariffs on U.S. Goods

On March 12, the European Commission issued a communiqué stating that, in response to the U.S.'s unreasonable tariffs on steel and aluminum products imported from the EU, the EU has decided to impose counter-tariffs on U.S. goods worth €26 billion.

Canada Announces Counter-Tariffs on U.S. Goods

On March 12, the Canadian government announced its decision to retaliate against the U.S. steel and aluminum tariffs by imposing a 25% counter-tariff on U.S. goods totaling CAD 29.8 billion (1 CAD approximately equals 0.69 USD).

Brazil to File a Complaint with WTO over U.S. Steel and Aluminum Tariffs

On March 12, Brazil's Ministry of Foreign Affairs and Ministry of Development, Industry, Trade, and Services issued a joint statement, indicating that Brazil may file a complaint with the World Trade Organization (WTO) over the U.S. tariffs.

South Korea to Draft Measures Against U.S. Steel Tariffs in March

In a statement, South Korea's Ministry of Trade, Industry, and Energy said that after the minister's meeting with steel industry executives and experts on March 13, South Korea will draft measures against the U.S. steel tariffs within March.

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