China declares economic WAR on Britain: Now Beijing imposes killer tax on OUR steel

CHINA has declared economic war on Britain by slapping a hugely punitive tax on high grade steel produced in South Wales.

Beijing has imposed a killer 46% levy on the high tech metal amid accusations that its deliberate over-production of steel is strangling UK production.

Chinese ministers announced the huge tax will be imposed on British exports of sophisticated “grain oriented electrical steel” which is produced in South Wales. Continue reading