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EU steel tariff hike threatens 'biggest ever crisis' for UK industry
The EU plans to impose a 50% tariff on steel imports, double the US rate, threatening thousands of UK steel jobs and risking severe industry disruption.
- On Tuesday, the European Commission plans to impose a 50% global steel tariff, threatening UK steel manufacturers with higher tariffs than US levies.
- Brussels says it is acting because of global overcapacity, unfair competition, and state aid to protect steel jobs and plants reshaped by United States tariffs.
- Industry leaders told the FT that Gareth Stace of UK Steel warned the EU tariffs could be terminal and urged the UK government to recognize the urgent need for protective measures, quoting `The UK government must now recognise the urgent need to put in place its own measures to defend against a flood of imports`.
- The Department for Business said it is pushing the European Commission for urgent clarification, Industry Minister Chris McDonald will meet steel representatives on Thursday, and the Government has committed up to £2.5billion to rebuild the industry.
- Against a backdrop of 25% US tariffs, industry groups warn the EU's doubled tariffs could be terminal for UK steelmakers, who produced four million tonnes last year.
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British Steel Industry Faces "Existential Threat" as EU Hikes Tariffs to 50% Despite Starmer's 'EU Reset' Giveaway – The Daily Sceptic
Britain’s Net Zero-ravaged steel industry is facing an "existential threat" as the EU threatens the UK with tariffs of up to 50% despite Keir Starmer's recent 'EU reset' giveaway on fishing rights and youth mobility. The post British Steel Industry Faces “Existential Threat” as EU Hikes Tariffs to 50% Despite Starmer’s ‘EU Reset’ Giveaway appeared first on The Daily Sceptic.
It’s time for the British steel industry to die
It already faced tariffs in the United States, and it has been struggling to cope with some of the highest industrial energy prices in the world. Now what remains of the British steel industry faces what could well be a terminal blow. The European Union is about to impose tariffs of 50 per cent on
·London, United Kingdom
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Coverage Details
Total News Sources31
Leaning Left8Leaning Right4Center7Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 37%
R 21%
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