UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
Key takeaways
- The new EU and UK quotas replace existing pre-Brexit rules that set import levels across the bloc.
- Prefer the Guardian on GoogleThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and bolster its beleaguered local industry.
- New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes.
Why this matters: a developing story that could shape the day's news cycle.
The new EU and UK quotas replace existing pre-Brexit rules that set import levels across the bloc. The UK had retained the rules after leaving the EU. Photograph: VCG/Getty Images View image in fullscreen. The new EU and UK quotas replace existing pre-Brexit rules that set import levels across the bloc. The UK had retained the rules after leaving the EU. Photograph: VCG/Getty Images Steel industry UK to halve tariff-free steel imports to counter glut of cheap Chinese metal Duty on imports outside new quota will double in move echoing similar changes in EU limits
Prefer the Guardian on GoogleThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a global oversupply of cheap Chinese metal and bolster its beleaguered local industry.
New “safeguards” will be introduced on 1 July and will coincide with similar new limits being introduced by the EU for the same purposes.