Donald Trump's recent tariffs on steel and aluminium pose significant challenges for the UK, threatening £350 million worth of sales and potentially flooding the market with over-subsidised Chinese steel. British officials have expressed concerns over trade diversion and are seeking to bolster protections for UK metal manufacturers. Meanwhile, a federal judge intervened to halt substantial parts of Trump's executive order targeting the law firm Perkins Coie, which the president deemed a national security risk due to its previous work with Hillary Clinton, amidst accusations of misuse of authority.
President Trump's new tariffs are double-trouble for Britain's steel and aluminium supplies, they'll dent 350m worth of sales, but they also risk swamping the UK with over-subsidised Chinese steel diverted from America.
The challenge here is not just the direct trade we have with the US, but the impact of trade diversion.
I will support UK Steel's application to the Trade Remedies Authority for review of the steel safeguards.
A federal judge temporarily blocked a vast portion of Donald Trump's executive order, ruling the president used national security concerns as a pretext to punish Perkins Coie.
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