【SMM Steel】India warns UK over steel quota cuts threatens FTA concessions

Published: Jun 5, 2026 16:14

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【SMM Steel】India has warned it may withdraw tariff concessions granted to the UK under their free trade agreement unless concerns over Britain's new steel safeguard measures are addressed. From July 1 2026 the UK will cut duty-free steel import quotas by 60% and impose a 50% tariff on over-quota shipments. India is considering "rebalancing" measures including rolling back planned duty cuts on Scotch whisky. Despite UK Trade Secretary Peter Kyle's recent visit to New Delhi to push for the deal's implementation no firm timeline has been set. The FTA which would liberalise 99% of UK tariffs remains unsigned as the steel dispute creates a significant hurdle.

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