New EU steel tariffs take effect; UK secures slightly better terms amid protectionist shift
By
Best for Britain
Summary
A new EU steel regulation reduces duty-free steel imports to 18.3 million tonnes and doubles tariffs on out-of-quota imports. The UK secured slightly better terms than other trading partners, with its own steel measures reducing quota volumes by 51% while offering slightly better terms for the EU. Campaigners argue this situation demonstrates that EU membership would protect the UK from such tariffs in an increasingly protectionist global environment.
Source
bskyNew EU steel tariffs take effect; UK secures slightly better terms amid protectionist shiftbestforbritain.orgKey quotes
· 1 pulledin an increasingly protectionist world, EU membership is the best way forward to avoid being on the wrong side
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