New US tariffs on steel and aluminium designed to determine the origin of steel and aluminium within imported products are creating an additional cost in addition to the baseline US tariffs, according to representatives of EU industry.
“Determining the exact origin of steel or aluminium under the 'melt and pour' rule is extremely complex and often requires cooperation across multiple tiers of suppliers, many of whom may not have this information themselves,” a spokesperson from the European Automobile Manufacturers’ Association (ACEA), told Euronews.
