UK Escapes Trump's Increased 50% Tariffs - but White House Warns the Exemption Is Conditional

UK escapes Trump's increased 50% tariffs - but White House warns the exemption is conditional

The clock is ticking down to 9 July, when the White House has signalled higher tariffs will apply unless the terms of the US-UK trade war truce are finalised.

Trade secretary in race against time to stop new steel tariffs

UK Spared New US Tariffs | Northamptonshire Chamber of Commerce

Responding to confirmation that new US tariffs on steel and aluminium should not affect UK exports, William Bain, the BCC’s Head of Trade Policy, said: “UK firms exporting steel or aluminium goods to the US will be relieved that tariffs will not double today. They now at least have clarity that duty rates will remain the same until 9 July. “By it is critical that the US and UK governments deliver on the commitments made in the Economic Prosperit…

UK exemption from 50% steel tariffs is conditional, Trump warns

UK's Exemption From Steel Tariffs Hinges On Trade Deal

The UK has temporarily escaped a sharp rise in US steel and aluminium tariffs, but this exemption is conditional. The White House has confirmed that the UK’s relief from new 50% tariffs depends on the ratification of a trade pact agreed in May between the two nations. As of today, the US has doubled duties on metal imports from most countries, yet UK exports will continue to face the previous 25% rate — for now. Under the terms of the new agreem…

UK escapes Trump's increased 50% tariffs - but White House warns the exemption is conditional | Money News | Tech, Entertainment, Sport, Fashion, Travel News

The UK’s exemption from a doubling of duties on most US steel and aluminium imports is dependent on the ratification of May’s trade pact between the two countries, the White House has warned. Tariffs of 50% were imposed on all shipments from early on Wednesday morning, except those arriving from UK shores, which will still be subject to the previous 25% rate. Donald Trump decided to “provide different treatment” to the UK as he doubled down on t…