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British steel industry warns of damage as Trump tariffs take effect
2025-03-12 11:06:06 / BOTA
US President Donald Trump's tariffs on steel in the UK could not come at a worse time, the industry has warned of taxes on US imports.
The British steel and aluminum industries are braced for the impact of the US president's tariffs, which come into effect today.
The British government is unlikely to immediately retaliate against the 25% import tax, while officials have stressed the need for a "cold-blooded approach" after recent efforts to persuade Trump to exempt British industry from global tariffs appeared to have failed.
The European Union announced that it would implement countermeasures on goods worth $28 billion starting April 1.
Gareth Stace, director general of trade association UK Steel, called the Trump administration's move "very disappointing."
The British Prime Minister's official spokesman said that the government was engaging closely with the US and that the WB remained prepared to defend the UK's national interest where it was right to do so.
"The government has committed £2.5 billion ($3.2 billion) of investment to rebuild the UK steel industry and support communities now and for generations to come," he added.
The government estimates that around 5% of steel exports to the BM and 6% of aluminium exports by volume go to the US, although the aluminium industry body said the US market accounted for 10% of exports – worth £225m.
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EU announces countermeasures to US tariffs, new import duties
March 12, 11:04
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