European Commission pushes for 'Made in Europe' industrial policy amid tariff concerns

The European Commission is urging heavy industry to support a 'Made in Europe' manufacturing push. This comes as the Commission is also outlining a scenario for potentially lifting a carbon import tariff retroactively.

Separately, there is significant activity around steel tariffs. A U.S. court is set to decide on tariffs this Friday, and the European Union is organizing a special summit and discussing countermeasures in response to tariff threats from President Donald Trump.