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Trumps steel tariffs would damage UK and US says Business Secretary - Banbury FM

Summary by Banbury FM

US President Donald Trump’s planned tariffs on imports of UK steel will cause damage on both sides of the Atlantic, Business Secretary Jonathan Reynolds said. The Government has promised a package of up to £2.5 billion to boost the UK steel industry and help secure its future. A consultation was launched aimed at looking at long-term issues facing the sector such as high electricity costs, unfair trading practices, and scrap metal recycling. But…

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Scottish Business News

UK Warns US Steel Tariffs Could Harm Both Economies - Scottish Business News

The UK government has expressed concern over President Donald Trump’s proposed 25% tariffs on steel imports, emphasising potential negative impacts on both the UK and US economies. Business Secretary Jonathan Reynolds highlighted the mutual benefits of UK steel exports, particularly specialised products essential for US defence, such as Navy submarine casings manufactured in Sheffield. Reynolds stated in an article to The Times, “Imposing tariff…

6 days ago

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