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UK steel set for further hit as EU to double tariffs
UK steel manufacturers are to be hit by another round of tariffs, even higher and more impactful than those levied by the US, representing "an existential threat" to the industry.
The European Union (EU) is hiking the tax on steel it imports, with the tariff to be 50%, double the 25% currently levied by the Trump administration in the US and the EU's current rate. Money blog: Massive £400 bank switch offer - but there's a salary catch This decision is an "existential threat.
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