Steel tariffs could “wreck” firms, MP warns

The steelworks plant in Scunthorpe <i>(Image: Danny Lawson/PA)</i>
The steelworks plant in Scunthorpe (Image: Danny Lawson/PA)
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Steel tariffs risk "wrecking" manufacturers who rely on imported materials, an MP warned.

West Worcestershire MP Dame Harriett Baldwin said that new government plans could threaten businesses, forcing them to close or move operations overseas.

A 50 per cent import tariff on imported steel is due to take effect on July 1.

Dame Harriett, who is also the Shadow Business Minister, has been meeting businesses which will be affected by the new tariffs and quotas.

She said: "We have a vibrant manufacturing sector which has to rely on steel products that are not made in the UK and the government is slapping ridiculous tariffs and quotas which risks wrecking local businesses.

"The steel industry is broken down into many different types of steel product and vital industries like defence and aerospace are only able to source some grades of steel from abroad.

"This is a short-sighted plan which shows the government does not understand business and specifically does not understand the challenges of making steel-based products."

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