UK steelmakers call Trump doubling tariffs 'another body blow'
- UK Trade Secretary Jonathan Reynolds is scheduled to hold discussions with US Trade Representative Jamieson Greer at next week’s OECD gathering in Paris, focusing on the timeline for implementing steel tariffs.
- This meeting follows US President Donald Trump’s announcement to double steel tariffs from 25% to 50% starting June 4, despite a recent federal court blocking some tariffs.
- Earlier this month, the UK reached an economic prosperity agreement aimed at exempting British steel from US tariffs, but the deal has yet to be implemented as discussions continue.
- A government spokesperson affirmed the UK’s commitment to safeguarding British businesses and employment in vital industries such as steel, while continuing discussions with the US to understand the effects of the recent tariff changes.
- The tariff increase threatens the UK steel industry’s competitiveness and urges swift agreement finalization to prevent economic harm and job losses in coming weeks.
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Economy in crisis as British businesses to be slapped with 25% tariffs from Donald Trump DESPITE trade deal
The UK economy has been dealt another blow as it is understood the previously proposed US tariffs on the steel and aluminium sectors will remain in effect for now
·London, United Kingdom
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·New Delhi, India
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Total News Sources30
Leaning Left5Leaning Right6Center5Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 31%
C 31%
R 38%
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