Industry chief calls on government to water down steel tariff plans

cityam

May 14

The trade deal is set to eliminate the tariffs on steel and aluminium if the UK meets its pledge to cut China out from supply chains. Government plans to double tariffs on steel imports pose an ...

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Government plans to double tariffs on steel imports pose an ...</p>\n\n<a href=\"https://www.cityam.com/steel-tariffs-to-cause-hardship-bcc-boss-warns/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Industry chief calls on government to water down steel tariff plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndustry chief calls on government to water down steel tariff plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-14 19:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/steel-tariffs-to-cause-hardship-bcc-boss-warns/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The trade deal is set to eliminate the tariffs on steel and aluminium if the UK meets its pledge to cut China out from supply chains.  Government plans to double tariffs on steel imports pose an ...</p>\n\n<a href=\"https://www.cityam.com/steel-tariffs-to-cause-hardship-bcc-boss-warns/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4104","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://www.cityam.com/steel-tariffs-to-cause-hardship-bcc-boss-warns/","article_id":"2635119967","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/08/021-Evraz-steel.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/steel-tariffs-to-cause-hardship-bcc-boss-warns/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635119967","pubTimestamp":1778756678,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Steel tariff tit for tatBoth the United States and European Union have dramatically ramped up tariffs on steel in the past year to safeguard their domestic industries. Donald Trump introduced the steel duties as part of his first wave of tariffs last year, while the EU’s response will come into force in July.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.The UK’s response brings Britain’s policy in line with the US and Europe, albeit the reduction in the UK’s tariff-free quota is steeper than that being introduced by the EU. But British manufacturers, including carmakers and construction companies, have warned the move risks piling on costs to a sector of the economy that is already under fire.Haviland, whose intervention was first reported by The Financial Times, urged the business department to extend the transition period to cover a full year. Doing so would better accomm","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4104":"贸易公司与经销商","BK4567":"ESG概念","BCC":"Boise Cascade L.L.C."},"translate_title":"行业负责人评级呼吁政府淡化钢铁关税计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BCC":1},"content_text":"The trade deal is set to eliminate the tariffs on steel and aluminium if the UK meets its pledge to cut China out from supply chains.  Government plans to double tariffs on steel imports pose an enormous threat to Britain’s already ailing manufacturing industry, pushing up costs at a time when many are already in the jaws of an inflationary energy shock, Britain’s largest industry body has warned.In a letter seen by City AM, British Chambers of Commerce (BCC) boss Shevaun Haviland demanded an urgent meeting with business secretary Peter Kyle, warning tha incoming duties on foreign-produced steel will cause “immediate hardship” for importers when they come into force in July.  “The revised quotas and tariffs have the potential to create significant financial and logistical problems for downstream sectors using steel… including construction, engineering and carmaking,” Haviland wrote, accusing the government of looking as if it favoured “domestic primary production companies” over so-called ‘downstream’ firms that use imported steel in their manufacturing.In July, the government will slash the quota of tariff-free steel imports by an average of 60 per cent, and double the import duty on all steel beyond that to 50 per cent. Ministers argue the move, which will see the quota on some steel products reduced by as much as 90 per cent, will help shore up Britain’s moribund steel industry, which has been floundering under the country’s sky-high energy costs and a ramping up of trade barriers by governments of popular export destinations.\n\nSteel tariff tit for tatBoth the United States and European Union have dramatically ramped up tariffs on steel in the past year to safeguard their domestic industries. Donald Trump introduced the steel duties as part of his first wave of tariffs last year, while the EU’s response will come into force in July. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe UK’s response brings Britain’s policy in line with the US and Europe, albeit the reduction in the UK’s tariff-free quota is steeper than that being introduced by the EU. But British manufacturers, including carmakers and construction companies, have warned the move risks piling on costs to a sector of the economy that is already under fire.Haviland, whose intervention was first reported by The Financial Times, urged the business department to extend the transition period to cover a full year. Doing so would better accommodate for “the timelines of steel supply and sourcing chains and commercial contracts”, she said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}