UK expected to reduce amount of steel it allows in tariff-free
The Guardian – World —
Change being considered amid global glut driven by supplies from China along with a rise in protectionism The UK is expected to reduce the amount of foreign steel it allows in tariff-free, as the government looks to protect its domestic industry amid a global glut and a rise in protectionism.Ministers are considering changing the quota system that allows a quantity of the metal to be imported before imposing a 25% levy on anything above that level. Continue reading...