Britain’s steel trade body and unions have called on the UK and the EU to take urgent action to stop Chinese steel dumping, after the US government increased tariffs to more than 500%.
In an escalation of the trade spat, the US has raised its tariffs on imports of cold rolled steel from China to 522% from 266%, citing a refusal to co-operate with anti-dumping investigations. By comparison, the EU has imposed provisional tariffs on China of 16% for cold rolled steel, which is used to manufacture cars and appliances and in construction.
The UK is one of 14 countries that have been blocking EU plans to impose tougher sanctions on cheap Chinese steel imports. Sajid Javid, the business secretary, has said it would not be right for the EU to scrap regulations known as the “lesser duty rule”, which some countries want to end in order to allow higher tariffs on Chinese steel.
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