UK Government Plans to Double Steel Tariffs and Cut Quotas to Protect IndustryOverview of the UK Steel Tariff and Quota StrategyBackground and Policy IntentionsLONDON, March 16 (Reuters) - Britain plans to double tariffs on steel imports, Politico reported on Monday, saying that it would be part of a wider strategy aimed at protecting the country's struggling steel industry. Alignment with International PartnersThe move, if announced, would bring Britain broadly into line with the European Union and the United States. Government Response and Industry CommitmentA British government spokesperson said it would publish its steel strategy "shortly", and that it had been "crystal clear" in its commitment to a sustainable future for steelmaking and steel jobs in the country. Challenges Facing the UK Steel SectorThe sector, which supported 37,000 jobs and accounted for 0.1% of total UK economic output in 2024, has been battling high energy costs and stiff competition from cheaper global imports, particularly from China. Impact on Major SteelmakersThose pressures have led to financial troubles at two of the country's biggest steelmakers.

Source: The Guardian March 17, 2026 05:34 UTC