EU Wanted to Help British Steel Industry...

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So we raise the tariffs on cheap steel, meaning everything that's made of steel will have to be more expensive....whether it uses British steel or Chinese, as the British stuff is more expensive ATM.
So that in turn would raise the price of cars etc? How long before some knacker says we aren't supporting the car industry letting those nasty Europeans raise the Chinese steel tariff.
 
Boz33 said:
So we raise the tariffs on cheap steel, meaning everything that's made of steel will have to be more expensive....whether it uses British steel or Chinese, as the British stuff is more expensive ATM.
So that in turn would raise the price of cars etc? How long before some knacker says we aren't supporting the car industry letting those nasty Europeans raise the Chinese steel tariff.
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Nah, you're a UKIP lobbyist twisting the story apparently.
 
SproutMackem said:
Instead of putting tariffs on, they could subsidise eu steel instead.
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So pump hundreds of millions a year into a business that just doesn't work in this country anymore?
They'd still struggle to beat the Chinese prices, so all we are doing is throwing money down the pan year after year
 
The Beautiful Game said:
A bit narrow minded and short sighted to just hike steel tariffs without considering all of the other companies which are importing their steel.
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Watch it fella, you'll be grouped with us loons that look past blaming governments for everything and actually think how one course of action could have a chain effect on others
 
Boz33 said:
So pump hundreds of millions a year into a business that just doesn't work in this country anymore?
They'd still struggle to beat the Chinese prices, so all we are doing is throwing money down the pan year after year
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But that's rather short term thinking. If you let EU steel industry die do you think the Chinese prices will stay low or will they, in the absence of competition, hike up the prices? Also, I like to think of things a bit more holistically, you might be spending some money to keep a "failing" business going but that money comes back in taxes, keeping other local businesses going, not having to pay out welfare etc.
 
SproutMackem said:
But that's rather short term thinking. If you let EU steel industry die do you think the Chinese prices will stay low or will they, in the absence of competition, hike up the prices? Also, I like to think of things a bit more holistically, you might be spending some money to keep a "failing" business going but that money comes back in taxes, keeping other local businesses going, not having to pay out welfare etc.
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They increased it by 9% rather than 60 odd. A 60 odd % tariff hike on steel given how poorly the economies of Europe are performing would have been bonkers.
 
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