Donald Trump is set to implement steel tariffs starting on July 9, currently at 25%, possibly increasing to 50%. The UK government has negotiated a deal to eliminate tariffs on aviation manufacturers and the automotive sector, but discussions regarding British steel continue without a finalized agreement. A government spokesperson confirmed that negotiations are ongoing, expressing optimism about reaching a deal that would exempt the UK from increased tariffs. The UK is seeking to become the only country with removed tariffs on steel and aluminium.
The US tariff rate is currently at 25% and this could rise to 50% after the 9 July deadline, indicating that Trump is putting more pressure on countries to start negotiating.
Downing Street confirmed ongoing work with the US to implement a deal that would remove the 25% tariff on UK steel and aluminium.
The UK government has negotiated a deal that eliminates tariffs on aviation manufacturers and the automotive sector, but a deal for British steel has yet to be finalized.
A spokesperson stated, 'As I say, discussions continue. We have very close engagement with the US, and the US has been clear that it wants to keep talking to us to get the best deal for businesses and consumers on both sides.'
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