Britain Seeks EU Steel Pact to Counter China
Britain is pushing to form a Western alliance with the European Union to curb China's dominance in the global steel market.
The idea is to create a Western steel alliance, potentially including Washington, to align tariff policies and grant members preferential tariffs on steel trade.
The hope is that a coordinated approach could help the U.K. dodge the new tariffs Brussels plans to impose, a 50 percent duty aimed at shielding EU producers from China’s industrial overproduction.
The U.K. and EU to form a Western steel alliance — potentially including Washington — that would align tariff policies.
Britain is seeking carve-outs from those measures, finding itself at the mercy of EU trade action post-Brexit.
Author's summary: Britain seeks EU steel alliance to counter China.
- Western steel alliance to align tariff policies
- Potentially including Washington
- Grant members preferential tariffs on steel trade
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