UK steel faces new EU tariffs to protect industry from cheap Chinese imports, as British Steel pushes for more local production.
The UK government announced a new steel strategy, increasing domestic production targets to 50%, reducing import quotas by 60%, and raising tariffs to 50%. The plan aims to support the struggling sector, protect jobs, and enhance national security, with up to a32.5 billion in funding and a shift to electric arc furnaces.
On April 2, 2026, President Trump signed executive orders imposing up to 100% tariffs on foreign-made patented pharmaceuticals that do not meet pricing or US manufacturing conditions. Companies with pricing deals and US production face zero tariffs; others face escalating tariffs over four years. The orders also revise tariffs on steel, aluminum, and copper products to be based on full US market value.
The UK and EU are working to secure agreements on steel and electric vehicle trade rules. The EU is increasing tariffs on steel imports from July, while the UK aims to negotiate favorable quotas and tariffs to protect its industry. Both sides are exploring closer economic ties amid ongoing trade tensions.