US Edition‘Discussions Continue’ over US Steel Tariffs Deal Ahead of Deadline, Says No 10
GREATER LONDON, ENGLAND, JUL 7 – The UK seeks to avoid a 50% tariff hike on steel exports by July 9, following a 25% tariff reduction agreed earlier, amid ongoing US trade negotiations.
- On July 9, UK and US officials continued talks in London to secure zero tariffs on British steel imports to the US amid an impending deadline.
- The discussions follow President Trump’s threat to raise UK steel tariffs from the current 25% to 50% if the metals trade deal is not finalized by the deadline.
- While a deal excluding tariffs on British cars and aeroplanes has been reached, steel talks stall due to the US demand that only steel 'melted and poured' in the UK qualifies, complicated by Tata Steel’s halted melting.
- Government officials remain cautiously hopeful, with a No 10 representative emphasizing that efforts with the US are ongoing to finalise and put the agreement into effect promptly.
- If unresolved, 50% tariffs may be imposed, potentially raising costs for UK steel exporters and prompting US retailers to stockpile early and promote tariff-free American goods to soften consumer price impacts.
14 Articles
14 Articles
Talks to finalise US steel tariff exemption ongoing as deadline due to pass - Jersey Evening Post
Government talks to finalise the deal to spare the UK from US steel tariffs are ongoing, Downing Street has said, as the deadline for the levies to come into force is due to pass and the steel industry called for a “swift” resolution. President Donald Trump has said he plans to start implementing tariffs on the US’s trade partners on July 9. The UK has already managed to negotiate a deal with the US which eliminates the threat of tariffs for Bri…
UK steel firms on edge as US tariff deadline looms amid incomplete deal
British steelmakers face mounting uncertainty as crucial talks with the United States over tariffs remain unresolved just days before a key deadline set by former US president Donald Trump. No 10 confirmed on Monday that the UK has not yet finalised a deal to eliminate US tariffs on steel and aluminium exports, raising fears that British producers could still be subject to a punishing 50% tariff hike. The UK had previously secured a reduced 25% …
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