海角大神

It proposed cutting by almost half its tariff-free quota on steel and steel products. That would effectively add large tariffs on imports from countries including China, India, Turkey and the United Kingdom, which said the measures would wreck the British steel industry. After reaching a new quota of 18.3 million tons, additional imports will face a 50% tariff. This is double the current 25% rate 鈥� a high price akin to U.S. President Donald Trump鈥檚 steel measures. Neighboring nations such as Norway, Iceland, and Ukraine will be exempt.

Tariffs boost inflation. But many economists see a recession as avoidable.