UK Imposes 50% Tariff, Stricter Quotas on Steel Imports to Protect Local Industry

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UK Imposes 50% Tariff on Steel Imports, Tightens Quotas to Protect Domestic Industry

UK slaps 50% tariff on steel imports, tightens quotas to shield domestic industry. Representational image/Reuters

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Firstpost•19-03-2026, 12:13

UK Imposes 50% Tariff on Steel Imports, Tightens Quotas to Protect Domestic Industry

•The UK introduces new tariffs and tighter import quotas on steel to shield domestic producers from cheap imports, especially from China.
•Tariff-free import quotas will be cut by 60% from July, with shipments exceeding limits facing a 50% duty.
•Business Secretary Peter Kyle stated the tariffs are crucial for reviving Britain's steel sector, marking a shift from traditional free-trade policy.
•UK Steel welcomed the decision, citing shrinking market share for domestic producers due to global competition and China's output.
•Manufacturers reliant on imported steel express concern that higher tariffs could increase costs and reduce competitiveness.

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