ML-Implode News - Defiant China slaps steel tariffs on Britain as trade war loomsÂ

China has thrown down the gauntlet in an escalating trade war over the global steel glut, imposing punitive tariffs ofÂ 46pc on hi-techÂ steel produced in Britain and the rest of the European Union.
The astonishing move came as the Prime Minister, David Cameron, confronted the Chinese leader Xi Jinping at a meeting in Washington, pleading for action to slow the flood of Chinese steel exports reachingÂ Europe.

The imminent demise of the Port Talbot steelworks and Tata's wider steel operations in Britain has mushroomed within days into a full-blown national drama, calling into question the Government's whole approach to China.
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In a macabre twist, the measures target the Tata plant in Port Talbot, which produces the specialist flat-rolled electrical steel used in transformers. A tiny amount is exported to China.

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Defiant China slaps steel tariffs on Britain as trade war loomsÂ