The European Union is planning to increase tariffs on steel imports to 50%, according to a draft proposal, News.Az reports, citing Bloomberg.

Short on foreign currency, Bolivia inaugurated a steel plant Monday that it hopes will reduce its reliance on metal imports, thanks to a loan from China.

The revival of steel and aluminum tariffs, first implemented during US President Donald Trump’s administration, is expected to take effect on Saturday, impacting millions of tons of imported metals.

Spain has resumed importing Russian steel and iron after a three-month pause.