UK tightens steel import quotas and tariffs to protect industry
after close1 source ↓written by the desknot a recommendation
- and double
- 60%
- starting
- 50%
- starting
- 1 Jul 2024
Britain will reduce its tariff-free quota on imported steel by 60% and double the tariff on excess imports to 50% starting 1 Jul 2024. This move aims to safeguard the domestic steel sector amid rising energy costs and global competition. The changes align UK tariffs with those in the US and EU, reflecting increasing global trade tensions.
Not investment advice. For informational purposes only.