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Free trade at crossroads? Tata Steel’s UK unit warns bilateral deals clash with Britain’s domestic job market

in5points
  1. Tata Steel UK warned that bilateral trade deals with India could turn the UK into a dumping ground for cheap steel from Asia.

  2. Tata Steel UK said cheap steel imports threaten British jobs and risk making the British steel industry unsustainable.

  3. The UK recently increased tariff-free quotas for steel imports from Asian countries including China, India, and Vietnam.

  4. The increase in India's quota was a concession during India-UK trade deal negotiations, according to the Financial Times.

Free trade at crossroads? Tata Steel’s UK unit warns bilateral deals clash with Britain’s domestic job market · in5points