
‘Crisis’: Why EU plan for 50 percent tariff is spooking British steel | Trade War News
The European Union’s plan to hike tariffs on steel imported over and above its annual threshold could tip the United Kingdom’s steel industry into its worst crisis in history, industry leaders have warned. On Tuesday, the European Commission proposed that the 27-member bloc would slash its tariff-free steel import quota by 47 percent to 18.3…