Learn English: Trump's Tariff Hike Slams UK Steel Industry (hard)

3 days, 15 hours ago

Trump's Tariff Hike Slams UK Steel Industry

President Trump's decision to double steel and aluminum tariffs to 50% delivers another significant blow to the UK steel industry.

This unexpected tariff increase creates considerable uncertainty for UK steelmakers, potentially delaying or canceling existing orders.

The UK government is actively engaging with the US to clarify the implications for British steel producers and seeks a rapid resolution.

Despite a recent trade deal, the implementation of the doubled tariffs causes immediate financial hardship and widespread industry concern.

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Source

Original: BBC News

Tags

#US Tariffs #UK Steel Industry #International Trade #Trump Administration #Trade Wars

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