UK steel industry welcomes extension of protectionist tariffs



Rob Davies | The Guardian

The steel industry has welcomed the government’s extension of measures to defend the ailing sector from a flood of cheap imports.

Liz Truss, the international trade minister, said the government had overruled the Trade Remedies Authority, a public body that had said protectionist tariffs and quotas on 10 types of steel product should be maintained for three years, but lifted on nine others.

The industry said last month that upholding the TRA’s decision would be “utter madness”.

Instead, Truss said the government would now extend special powers to prolong import limits on five of the nine steel products that would otherwise have been freed from any restrictions. The safeguards will be extended for a year.

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