UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas

Business secretary Peter Kyle to meet European counterpart over proposals to almost halve amount of tariff-free imports The UK business secretary, Peter Kyle, is to raise concerns about EU plans to dramatically reduce tariff-free imports of British steel with its trade commissioner Maroš Šefčovič in Brussels on Friday. The UK steel industry has previously warned of “devastating” consequences from the new quota system being planned by the EU, which will cut overall tariff-free imports from non-EU countries by 47% on 2024 levels from 1 July. Continue reading...