Why a 250% Steel Tariff is Fair – Craig Murray

Why a 250% Steel Tariff is Fair – Craig Murray – In my view it is a ridiculously short term view to rely on dumped steel effectively to subsidise British steel consumers. But Javid was at least honestly setting out his Thatcherite doctrine. What is the rankest hypocrisy is for Javid now to pretend to care about the British steel industry when he has been ordering officials for a year to pursue a policy on tariffs he knew would lead its closure. There are two strands of immediate action which the British government should now take. The first is to bring Tata Steel immediately into public ownership. The second is to consult urgently with the EU Commission and other states on a realistic tariff against dumped Chinese steel. As the UK had been the main opponents to this move, early progress should be possible. The better answer would be to secure a reduction in subsidy by the Chinese government, but an emergency tariff might be needed as an initial move.