It already faced tariffs in the United States, and it has been struggling to cope with some of the highest industrial energy prices in the world. Now what remains of the British steel industry faces what could well be a terminal blow. The European Union is about to impose tariffs of 50 per cent on steel imported from the UK. Labour ministers will no doubt start cobbling together rescue packages, and trying to devise a new strategy to rescue the industry. But perhaps it would be best just to be honest – and let the industry die.

The EU has set out plans to cut the amount of steel imported into the bloc by half, and impose 50 per cent tariffs on anything over the quota. The reason is simple. With President Trump imposing steep levies on American imports, it is worried that all the extra ste

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