Britain will extend a package of quotas and tariffs on foreign steel imports by two years in an effort to protect domestic steelmakers, trade secretary Anne-Marie Trevelyan has announced.
Trevelyan admitted that the move would risk a legal challenge at the World Trade Organization, which oversees global trade, but said it was essential to protect Britain’s steel industry.
“We have concluded that it is in the economic interest of the UK to maintain the safeguards to reduce the risk of material harm if they were not maintained,” she told the House of Commons.
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