fromwww.theguardian.com
3 hours agoExistential threat': what do EU's 50% steel tariffs mean for UK industry?
The EU shocked the UK steel industry on Tuesday with an announcement of 50% import tariffs with no apparent carve-out for metal crossing the Channel. The EU is the UK's biggest customer: 78% of all UK steel exports, or 1.9m tonnes, went to the bloc in 2024. The prospect of punitive tariffs on a large chunk of that would make many British products uncompetitive overnight.
Europe politics