UK sanctions on cheap steel imports from China are being considered


British Trade Relief Administration (TRA) Announced on January 25 The UK has begun a review on whether anti-dumping sanctions on Chinese steel producers should be withdrawn.

Post-Brexit trading agencies will investigate whether imports of cheap steel sheets from China have harmed UK industry and if import obligations no longer apply.

We are reviewing the tariffs applied throughout 2021 on a range of non-alloy and alloy steel products made in China, excluding stainless steel, silicon electric steel, tool steel and high speed steel.

The steel in question is typically “used in construction, mining, manufacturing of logging equipment, oil and gas pipelines, shipbuilding, construction of bridges and buildings,” TRA says.

According to TRA, the review period is from January 1, 2021 to December 31, 2021, and the entire injury period is from January 1, 2018 to December 31, 2021.

Steel tariffs were first introduced in 2016, when the United Kingdom was a member of the European Union, with tariffs as high as 73.7%, following a decision by the European Commission (EC).

An EC survey confirmed that Chinese products were sold in EU member states. “Prices have been significantly reduced.”

The dumping of cheap steel imports from communist China at the time put pressure on UK-based producers, but the measures could not prevent damage within the domestic steel industry.

British authorities maintained anti-dumping measures even after the UK left the EU in 2020.

Since then, British Steel has been in power and was acquired by Chinese steel company Jingye in late 2019, three years after the first tariffs were introduced.

Last year’s TRA took over the reviews from the Department for International Trade that it inherited after Brexit.

“We have begun a transition review of anti-dumping measures for sheet steel from China and have determined whether the measures are suitable for our purposes in the United Kingdom,” the Trade Agency said.

Steel tariffs are one of the 44 trade measures that have been inherited by English law since the time in the UK’s EU sphere, and TRA said it would consider dozens of other trade measures that have been inherited since that time.

“This measure is one of the number that the UK has moved from the EU system. TRA is considering them to make sure they are still suitable for the needs of the UK,” the agency said. ..

“Determining if obligations are still needed to offset the dumping of these imports in the UK,” TRA said, adding that the job is “to ensure.” [sanctions] It’s still suitable for the UK. “

These measures and actions were carried out by the European Commission on behalf of the State prior to Brexit.

Trade officials said anti-dumping tariffs could be imposed on goods that are cheaper than the domestic market price imported into the UK.

TRA may work if imports are subsidized or if you want to avoid flooding of excess imports permitted by World Trade Organization regulations.

Meanwhile, a review was conducted as the UK and the US government recently began formal negotiations to eliminate US tariffs on UK steel imports.

US steel tariffs have reduced UK steel exports to the US by almost 50 percent.

“We hope that the UK Government will take full advantage of the new independent trading power, build on EU trading conditions and deliver the best possible results for UK producers,” said the trading agency. UK Steel said on January 19th.

In October 2021, the White House agreed to allow a limited amount of EU steelmaking to be brought into the United States duty-free.

In 2018, the Trump administration imposed a 25% tariff on foreign steel imports during a trade war with China, angering European and British allies.

The EU has introduced retaliatory tariffs on American whiskey and other products, but they are now being reduced.

Companies affected by trade with China are required by TRA to contribute to their reviews by registering with the agency’s online case platform.

The Epoch Times contacted the Trade Relief Administration for comment.

Brian Jung

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Brian S. Jung is from New York City and is a resident with a background in the political and legal industry. He graduated from Binghamton University.