UK Steel Industry Faces EU Tariffs Threat

British steelmakers sound the alarm over EU trade tariffs, warning of potential job losses and industry devastation. The EU plans to cut its annual tariff-free steel import quota by half and double the duty on excess imports. Industry leaders urge the government to act quickly, pushing for stronger negotiations and new protective measures. The EU accounts for eighty percent of UK steel exports, and without a favorable agreement, the sector could face widespread job losses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.