{"id":1517,"date":"2022-07-28T14:13:30","date_gmt":"2022-07-28T14:13:30","guid":{"rendered":"https:\/\/www.customs-declarations.uk\/?p=1517"},"modified":"2022-07-28T14:13:30","modified_gmt":"2022-07-28T14:13:30","slug":"britain-to-introduce-new-tariffs-on-overseas-steel-to-protect-uk-producers","status":"publish","type":"post","link":"https:\/\/www.customs-declarations.uk\/britain-to-introduce-new-tariffs-on-overseas-steel-to-protect-uk-producers\/","title":{"rendered":"Britain to introduce new tariffs on overseas steel to protect UK producers"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text el_class=”custom-list”]<\/p>\n

The United Kingdom is set\u00a0to impose\u00a0new tariffs on foreign steel imports to protect domestic producers from a “flood of cheap steel imports.” The government will impose new “safeguard” import restrictions on several developing nations while announcing a two-year extension of tariffs on developed countries and China.<\/h4>\n

Anne-Marie Trevelyan, secretary of international trade, proposed a two-year extension of tariffs and quotas for 15\u00a0categories of steel products after reviewing a report from the Trade Remedies Authority (TRA). In addition, the TRA informed Trevelyan that India, Tunisia, Vietnam, and Turkey had all exceeded their import quotas for developing nations, meaning they are now liable for the tariffs already imposed on developed countries. Additionally, Brazil and South Korea could be affected.<\/h4>\n

The move has also received positive support from the industry, including Gareth Stave, director general of UK steel, in spite of the fact that he struck a note of caution.<\/h4>\n

“Today’s decision to maintain the UK’s steel safeguard demonstrates the government’s support for the British steel industry,” said Steel, who cautioned that tariffs should be used only as a temporary measure. “It is imperative that we work with partners such as the EU and the United States to address the fundamental issues destabilising global steel markets,” he said. “Safeguards are not a long-term solution, and the objective here is to create a global steel market where everyone follows the same rules.”<\/h4>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][vc_column_text]<\/p>\n

We value your feedback, and if you have any comments, suggestions or anything else that you would like to highlight to us, we will be delighted to hear from you and incorporate your feedback into our content. <\/i><\/b><\/span><\/em><\/span><\/p>\n

Note: While we have made every attempt to ensure that the information contained in this Site has been obtained from reliable sources, Customs Declarations UK is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this Site is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader. In no event will Customs Declarations UK, or its partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information in this Site or for any consequential, special or similar damages, even if advised of the possibility of such damages. Certain links in this Site connect to other Web Sites maintained by third parties over whom Customs Declarations UK has no control. Customs Declarations UK makes no representations as to the accuracy or any other aspect of information contained in other Web Sites.
<\/em><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text el_class=”custom-list”] The United Kingdom is set\u00a0to impose\u00a0new tariffs on foreign steel imports to protect domestic producers from a “flood of cheap steel imports.” The government will impose new “safeguard” import restrictions on several developing nations while announcing a two-year extension of tariffs on developed countries and China. Anne-Marie Trevelyan, secretary of international trade, proposed […]<\/p>\n","protected":false},"author":1,"featured_media":1518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[159,20,19,158,157,160,118,26],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n