File photo dated 30/11/21 of International Trade Secretary Anne-Marie Trevelyan. The Government must hold off on ratifying a trade deal with Australia to allow greater scrutiny by MPs, a parliamentary committee has said. Issue date: Wednesday June 29, 2022.
File photo dated 30/11/21 of International Trade Secretary Anne-Marie Trevelyan. The Government must hold off on ratifying a trade deal with Australia to allow greater scrutiny by MPs, a parliamentary committee has said. Issue date: Wednesday June 29, 2022.
File photo dated 30/11/21 of International Trade Secretary Anne-Marie Trevelyan. The Government must hold off on ratifying a trade deal with Australia to allow greater scrutiny by MPs, a parliamentary committee has said. Issue date: Wednesday June 29, 2022.
File photo dated 30/11/21 of International Trade Secretary Anne-Marie Trevelyan. The Government must hold off on ratifying a trade deal with Australia to allow greater scrutiny by MPs, a parliamentary

Steel backlash after UK breaches WTO undertakings with tariff rollover


Damien McElroy
  • English
  • Arabic

For a second time in a week a UK cabinet minister announced the government would breach international law as London announced on Wednesday it would maintain trade safeguards for the UK steel industry for another two years.

International Trade Secretary Anne-Marie Trevelyan also said the plans to protect British steel producers depart from the UK's "international legal obligations" but are in the "national interest".

British manufacturers have called on the government to allow them to import more steel products without paying tariffs because domestic suppliers have failed to meet demand, leaving them facing 25 per cent duties on a key raw material imported from China, India and elsewhere.

Liz Truss, the foreign secretary, conceded on Monday the Northern Ireland Protocol Bill was being brought on the basis of the legal doctrine of necessity, a defence that is only relevant when international law is being broken.

Since Britain left the European Union, imports of a type of steel used in vehicle parts and other manufacturing face a 25 per cent tariff if they exceed a certain quota level as a 'safeguarding' measure to encourage domestic steel production.

The quota currently covers about a third of British manufacturers' usage, and the government has proposed doubling it in size, but manufacturers say this will still leave them short.

"Increasing the quota is a step in the right direction, but it is not enough to protect our members," said Steve Morley, president of the Confederation of British Metalformers.

An employee uses tape to seal a packaged coil of rolled steel at the Jindal Stainless Ltd. factory in Hisar, Haryana, India, on Wednesday, May 16, 2018. Photographer: Udit Kulshrestha/Bloomberg
An employee uses tape to seal a packaged coil of rolled steel at the Jindal Stainless Ltd. factory in Hisar, Haryana, India, on Wednesday, May 16, 2018. Photographer: Udit Kulshrestha/Bloomberg

Small engineering company Tinsley Bridge, which makes stabiliser bars for heavy trucks such as those made by Volvo and Renault, cannot source the specialised steel it needs in Britain and must import, but has been hit with the 25% tariffs.

That has pushed up costs for the business which has turnover of 22 million pounds ($27 million) and 220 workers.

"We obviously can't absorb that. We've got to pass that on to our customers. What that is going to mean is that we're not going to be seen as a competitive source," said managing director Mark Webber.

The 25 per cent tariffs on imports over the quota "raises the very real prospect of lost orders and production being moved away from the UK", the CBM said.

"British steel mills have not been able to supply the ... materials our members need to support critical domestic and export supply chains, nor are they likely to be able to do so in the near future," it said.

Britain proposed last week to extend tariffs and quotas on five steel products, with a final decision expected this week, aimed at supporting an industry that employs 34,000 workers and makes $2 billion in annual turnover.

Rainbow

Kesha

(Kemosabe)

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

If you go

The flights

Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes. 

The car

Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.

The hotels

Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes. 

More info

To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest. 

 

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%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Big%20Ape%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20LucasArts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20PlayStation%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

FOOTBALL TEST

Team X 1 Team Y 0

Scorers

Red card

Man of the Match

 

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HEADLINE HERE
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  • That's about it

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

UAE currency: the story behind the money in your pockets
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Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

The specs: McLaren 600LT

Price, base: Dh914,000

Engine: 3.8-litre twin-turbo V8

Transmission: Seven-speed automatic

Power: 600hp @ 7,500rpm

Torque: 620Nm @ 5,500rpm

Fuel economy 12.2.L / 100km

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While you're here
What is an FTO Designation?

FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

Updated: June 29, 2022, 12:59 PM`