EU issues new steel and e-commerce regulations to reduce trade imbalance with China

BRUSSELS (AP) — The European Union rolled out two measures to protect its steel industry and limit e-commerce small parcels on Wednesday as the 27-nation bloc grapples with its staggering trade imbalance with China. “Today’s change is about restoring fairness for European businesses and better protecting our consumers,” European Commission President Ursula von der Leyen said in an online post praising a new 3 euro ($3.42) customs duty on small packages. “The surge in low-value online imports has put our retailers at an unfair disadvantage. Too many of these products also fail to meet EU safety standards, putting consumers at…