Skip to content
24/7NewsPaper
Back to feed
City AMcityam.com

Steel tariffs watered down after industry backlash (opens original article in a new tab)

TL;DR

Government reduced steel import quota and kept 50% duty after industry backlash, with UK-EU deal to ease trade tensions.

  • Government reduced steel import quota by 51% from initial 60% proposal
  • Import duty remains at 50% despite industry warnings of harm to manufacturing
  • UK and EU agreed on trade measures to protect steel industries without disrupting supply chains
  • 11 steel types exempted from tariffs due to industry pressure

Conversation

No comments yet

Threaded discussion is coming next — this is where the community conversation about this story will live.