EU Plan Sparks 'Crisis' for British Steel Industry as Tariffs Threaten to Collapse Operations

The European Union's plan to hike tariffs on steel imports over 50% of its annual threshold is spooking Britain's steel industry, which could tip it into its worst crisis in history, according to industry leaders who warn that the move would have devastating consequences for the sector. The tariff increase is part of a broader trade dispute between the EU and US. Industry leaders are calling on the government to act quickly to mitigate the impact of the tariffs.