Protecting the steel industry is a priority for Brussels, especially after US President Donald Trump slapped 50 percent tariffs on the metal this year. Advertisement AdvertisementAdvertisement AdvertisementThe European Commission will propose the changes to prevent a wave of cheap steel flooding the EU market following Washington's new levies, as well as Canada's higher tariffs on Chinese imports. Advertisement AdvertisementAdvertisement AdvertisementThe European steel industry currently employs around 300,000 people -- but has lost almost 100,000 jobs in the past 15 years. Although the EU-US tariff deal this summer did not include steel, Brussels hopes both sides can agree to jointly protect their markets, especially from China. Canada in July announced plans to slap an additional 25 percent tariff on steel imports that contain steel melted and poured in China.