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First EU steel safeguard measures could come in July [Seeking Alpha]

ALCOA (AA)  More Company Research Source: Seeking Alpha
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF First EU steel safeguard measures could come in JulyThe European Union could impose preliminary measures to protect its steel and aluminum industriesas soon as July, although a full investigation will take nine months, says EU Trade Commissioner Cecilia Malmstrom.Under WTO rules, the EU could impose “provisional safeguard” tariffs for up to 200 days if it makes a preliminary finding that increased imports have caused or are threatening to cause serious injury to its steel and aluminum sectors; the European Commission, which oversees EU trade policy, launched a study in late March into whether U.S. import tariffs would warrant action.Canada Prime Minister Trudeau says his government will do all it can to protect its steel and aluminum sectors from U.S. tariffs but indicated he wasin no hurry to strike back, wanting to hold public consultations on any proposed retaliatory tariffs to make sure they were appropriate.Meanwhile, Alcoa (NYSE:AA) says it supports a “multi-pronged response," n [Read more]

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