UK Mulls Options to Retaliate Against European Steel Tariffs

The UK is drawing up countermeasures against the European Union’s proposed steel tariff increases in the event that Prime Minister Keir Starmer cannot secure a deal to blunt their impact.

Britain is mulling the retaliatory actions after its domestic metals industry warned that European plans could precipitate the biggest crisis in its history, according to people familiar with the matter. The EU unveiled plans last month to cut existing tariff-free quotas on foreign steel almost in half and double levies to 50% above those thresholds.