The U.K. government has imposed a 35% import tariff on iron and steel from Russia and Belarus as part of denying the two countries Most Favored Nation tariff for hundreds of their exports. UK steel tariffs hit imports from Russia A March 15 statement from the Department for International Trade and HM Treasury named the two products in its list of goods, totaling £900 million ($1.18 billion), to face the tariff. Copper, aluminum, silver, lead, and iron ore are also on the list of goods, the statement added. “These tariff increases will…
