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EU fails to reduce 50% steel tariff in outline trade deal with US

Bloc’s steel exporters face ‘catastrophic’ Trump levy, says industry body – twice the rate for the UKBusiness live – latest updatesThe latest proposal for a trade agreement between the EU and the US does not include a removal or reduction of the punitive 50% tariff Donald Trump imposed on steel imports, it has emerged.It is a big setback for the industry in the EU which last month warned it faced being wiped out by the 50% rate, high energy costs and cheap Chinese competition. Continue reading...

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