EU Must Be More Like Trump on Steel Tariffs, Acerinox CEO Says

Europe’s approach to trade will need to be more like Donald Trump’s to protect an ailing steel industry from a flood of Chinese imports, according to the head of one of the region’s top stainless steel makers.

Only outright tariffs can counter the wave of cheap Asian supplies that a safeguardsystem under the World Trade Organization’s free-trade rules has failed to contain, said Bernardo Velazquez, chief executive officer of Spain’s Acerinox SA.

“If we don’t want to rely solely on imports and have our own supply of strategic raw materials, we need to consider imposing tariffs,” Velazquez ...