Donald Trump is holding the UK steel industry at risk of continued tariffs unless assurances are provided concerning an Indian-owned steel plant in Wales. While recent agreements reduced tariffs on car exports significantly, the previous 25% tariffs on UK steel remain, despite ongoing negotiations. Prime Minister Keir Starmer confirmed that efforts towards eliminating these steel tariffs are in progress, as the two nations move towards a complete trade agreement that is being framed as a significant diplomatic success. The G7 summit in Canada served as a backdrop for these discussions.
"Donald Trump is threatening to keep tariffs on some or all of its steel imports from the UK unless it gives specific guarantees over the Indian-owned steelmaking plant at Port Talbot in south Wales."
"Starmer told reporters in Banff, Canada: There's further work to do in relation to steel, but we're getting on and doing that work."
"According to that deal, tariffs on up to 100,000 British cars are due to be reduced to 10% from 27.5%."
"The UK business department said the two leaders had pledged to make progress towards 0% tariffs on core steel products as agreed in May."
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