America Britain China Donald Trump Europe European Export Exports Import India Keir Starmer Tariff United Kingdom
The Government is "in discussions" with the European Union over a steel tariff hike, the Prime Minister has said, as UK industry figures warned of an "existential threat". The European Commission has disclosed plans to impose 50% tariffs on steel, double the current level of 25%, while cutting tariff-free import volumes to 18.3 million tons a year - a 47% reduction. It would effectively match the levy US President Donald Trump previously imposed on the EU. The move will come as a further blow to British industry, which has already been hit by levies on steel into the American market….
News Timeline:
Track the development of this news story across the Internet.