Britain extends steel tariffs in breach of trade rules

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Britain extends steel tariffs in breach of trade rules
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Britain on Wednesday extended a package of tariffs and quotas on five steel products by two years to shield local steelmakers, acknowledging it would breach international trade rules but saying it was needed for the national interest.

Trade minister Anne-Marie Trevelyan told parliament the safeguards would help defend a strategic industry and British steel producers could face "serious injury" were the measures not maintained.

Since leaving the European Union and the bloc's common trade policy, Britain has sought to carve out a role on the global stage as a champion of free commerce, calling out restrictive practices by others like China and advocating for World Trade Organization reform.Trevelyan, too, described herself as a champion of free trade, but said present circumstances warranted the extension of safeguards.

"The decision ... departs from our international legal obligations under the relevant WTO agreement," Trevelyan said. "However, from time to time, issues may arise where the national interest requires action to be taken." Britain is ready to take up any concerns raised by WTO members following its decision, Trevelyan added.

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