Overview
- Britain is exploring a coordinated pact with the EU, potentially involving the U.S., to align steel tariffs and offer members preferential access.
- The European Commission has proposed raising steel duties to 50% and cutting duty‑free quotas by nearly half to counter Chinese overcapacity.
- Washington is pressing for a universal 50% rate, while London and Brussels are seeking flexibility through quota arrangements.
- A large share of U.K. steel exports goes to the EU, prompting London to pursue carve‑outs and stronger domestic trade defenses to protect producers.
- The U.K. and EU have already agreed to align carbon border taxes, and industry groups back talks but urge immediate safeguards for British mills.