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The Guardian - UK
The Guardian - UK
World
Lisa O’Carroll

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

The Dirostahl steelworks in Remscheid, Germany
Dirostahl steelworks in Remscheid, Germany. Producers are also facing high energy costs and cheap Chinese competition. Photograph: Thilo Schmülgen/Reuters

The 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.

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