The UK has decided not to retaliate immediately against recently renewed US tariffs on steel and aluminium. Despite appeals from industry leaders to respond, UK sources advocate for 'cool heads' to avoid worsening trade relations with the Trump administration. The UK aims to differentiate its tariff stance from other G7 countries. Trade body UK Steel warned that these tariffs could significantly harm the UK steel sector. The workers' union, Unite, urged the government to increase domestic steel purchasing as a response to the tariff announcement.
President Trump has taken a sledgehammer to free trade with huge ramifications for the steel sector in the UK and across the world.
'Cool heads' were necessary to avoid escalating trade tensions with the Trump administration, UK government sources said.
The UK's direction of travel on tariffs in general appears to be a clear attempt to differentiate it from other G7 allies.
This announcement should be a wake-up call for this government, calling on it to buy more UK steel in response.
Collection
[
|
...
]