The British government is looking to build a three-way “steel alliance” with the US and the EU in order to protect their industries from a glut of the metal caused by global overproduction, the UK minister for trade has said.
Sir Chris Bryant told the Financial Times that the British government was in “continuous discussions” about the possibility of a 1950s-style tariff pact in which the US, the EU and the UK would agree to forge an alliance to protect against unfairly subsidised steel, much of which comes from China.
“We’re in continuous discussion about how we could make this happen — about whether there should be a three-way [alliance], a two-way, and if so, which two-way,” he said.
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