The United Kingdom is urgently requesting details from the European Union on new steel import limits announced Tuesday.
Prime Minister Keir Starmer stated his administration is actively negotiating with the EU over the changes.
EU’s Tariff and Quota Plan
The European Commission suggested reducing duty-free steel imports by nearly 50% and imposing 50% tariffs on excess volumes. This aims to safeguard EU steel production from global oversupply.
Industry Faces Major Risks
British steelmakers warn the EU measures pose a severe threat, potentially worse than US tariffs. The UK secured a deal in May for 25% US duties, lower than the 50% for others. Officials now aim to drop it to zero via quotas.
Starmer’s Stance on Support
Starmer avoided specifics on exemptions but pledged firm backing for the sector. “We’re engaging with the EU and US,” he told reporters during a flight to India for a state visit. “More updates soon.”
Recent Trade Agreements
In August, the UK and EU agreed to lift tariffs on select steel under quotas, easing post-Brexit barriers. This step aimed to revive trade ties.
Minister Calls for Quick Action
Industry Minister Chris McDonald emphasized protecting UK-EU trade flows. “We’re pressing the Commission for immediate clarity on UK impacts,” he said.
“Collaboration with allies is key to tackling global issues without harming our industries.”
Broader Trade Challenges
The proposals highlight ongoing tensions in global steel markets. The UK seeks balanced solutions to support domestic manufacturers amid international pressures.
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