UK to extend steel import quotas and tariffs for two years

Financial Times LogoFinancial Times1 mo ago

UK to extend steel import quotas and tariffs for two years

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It will also expand import limits to other, mostly developing but as yet unnamed, countries to prevent a flood of steel into the UK after some of them increased their exports to the UK beyond the legal threshold.

The government will extend existing steel tariffs, largely on developed countries and China, by a further two years.

The interventions, he added, would “guard against anticipated surges in imports from trade diverted away from the US and EU markets that will remain shielded for years to come” and which would have “risked jobs, investment, and our ability to transition to net zero”.

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Article Details

Author / Journalist: Sylvia Pfeifer

Category: MarketsFinanceInvesting

Topics: Imports International Financial Sites Steel Domestic Tariffs Trade Industry Years

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 12:56:39

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 771 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 20762

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