The UK has successfully negotiated to avoid Donald Trump's proposed 50% import tariffs on steel and aluminium, which has been positively received by the industry. UK Steel's director, Gareth Stace, noted that while the current 25% tariffs are maintained, uncertainty over future tariff rates could dissuade US customers from placing orders. The UK government hopes to solidify this agreement into long-term removal of tariffs, ensuring stability in trade relations and protecting British jobs in key sectors, particularly steel and aluminium.
"Continued 25% tariffs will benefit shipments already on the water that we were concerned would fall under a tax hike."
"We're pleased that as a result of our agreement with the US, UK steel will not be subject to these additional tariffs."
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