UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas
The UK government is challenging the EU's decision to significantly reduce tariff-free steel import quotas, citing potential devastation for the domestic steel industry. Both regions are implementing protective measures against global competition, leading to fears of a trade conflict.
Why it matters
Trade disputes over steel impact industrial manufacturing costs and international relations between the UK and the EU post-Brexit.
The EU plans to dramatically cut tariff-free steel import quotas from the UK. Photograph: Lee Jae Won/Reuters View image in fullscreen The EU plans to dramatically cut tariff-free steel import quotas from the UK. Photograph: Lee Jae Won/Reuters Steel industry UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas Business secretary Peter Kyle to meet European counterpart over proposals to almost halve amount of tariff-free imports
The article covers the dispute from both the UK and EU perspectives, citing industry bodies from both sides.
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