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UK steelmakers call Trump doubling tariffs 'another body blow'

  • Next week in Paris, UK Trade Secretary Jonathan Reynolds and US trade representative Jamieson Greer will hold discussions at the OECD meeting regarding the schedule for finalizing a trade agreement.
  • 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 many tariffs.
  • Earlier this month, the UK reached an agreement with the US to lift steel tariffs, though the details of its implementation are still being finalized as the government works to assess the impact on the industry.
  • President Trump stated that increasing tariffs would help safeguard the steel sector, while the UK government affirmed its dedication to supporting British industries and employment, particularly in steel.
  • Officials seek to set a rapid timeline for the UK-US deal's implementation to shield the UK steel sector from the new tariffs starting June 4 and mitigate industry disruption.
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The US President wants to make imports significantly more expensive. The EU Commission is angry, after all, negotiations are under way with Washington. For industry, this would be a tough blow – once again.

·Munich, Germany
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  • 36% of the sources lean Left, 36% of the sources are Center
36% Center
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yourcapitalminds.com broke the news in on Saturday, May 31, 2025.
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