UK expected to reduce amount of steel it allows in tariff-free

Published 2 hours ago
Source: theguardian.com
UK expected to reduce amount of steel it allows in tariff-free

Change being considered amid global glut driven by supplies from China along with a rise in protectionism

The UK is expected to reduce the amount of foreign steel it allows in tariff-free, as the government looks to protect its domestic industry amid a global glut and a rise in protectionism.

Ministers are considering changing the quota system that allows a quantity of the metal to be imported before imposing a 25% levy on anything above that level.

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Steel industryTariffsLabourBusinessPoliticsBritish SteelTataEuropean UnionUK news