Britain has to face a race against time to stop Donald TrumpNew swing is 50 percent tariff on steel Already killing Critical industry,
The US President sent shockwaves through the global economy, when he announced on Friday that he would increase the tariff by 25 percent to “secure” the industry.
“We are going to bring it from 25 percent to 50 percent, tariff on steel in the United States, which will be even more safe Steel industry In the United States. Nobody is going around it, ”Trump told steel workers on a trip to a Pennsylvania plant.
He later confirmed on his true social platform that the change “Wednesday, 4 June 4” would be effective.
A UK-US trade deal unveiled with great pomp earlier this month Britain should have been exempted from steel tariffs – but has not been implemented yet.
Ministers now face a scuffle to ensure an agreement with the US before Wednesday.
The government is immediately demanding clarification from the US what the latest announcement for the UK means, Independent Understands
Business secretary Jonathan Reynolds A bid is also ready to meet your American equivalent Jamisson Greer in a bid to secure an agreed timeline to lift the tariff.
But face-to-face negotiations are scheduled on Wednesday after an OECD business ministers summit in Paris, which increases the possibility of performance of the eleventh hour.
Earlier this month, President Trump put the trade agreement with the UK as “a great deal for both countries”, Prime Minister The move would “promote British businesses and save thousands of British jobs” and fulfill their promises of car manufacturers’ safety and the UK steel industry.
Under its conditions, the levy on steel and aluminum was to be reduced to zero.
However, there will be a normal 10 percent tariff for other items and UK agreed to scrap his tariff on the US Ethanol coming to the UK.
But conservative leader Kemi badenoch Said Britain was “shared” as he would have to pay his cost before President Trump came to power contrary to the amount of Britain’s business.
Last month MPs were forced to hold an unusual Saturday to sit to save emergency plans British steelScunthorpe blast furnace by controlling your Chinese owners.
Although the new law stopped the decrease in nationalization, the government admitted that it is “likely” British Steel would have to be taken into public ownership as Sir Keir warned Britain’s economic and national security “on the line”.
At that time, he said that his government was “changing the page at the time of decline decline, where our manufacturing hearts were hollowed out by the previous government. Our industry is the pride of our history – and I want it to be our future too.”
On Trump’s announcement of the new 50 percent of the steel tariff, a government spokesperson said: “Britain was the first country to secure a trade deal with the US earlier this month and we are committed to protect British trade and jobs in major areas including Steel.
“We are engaged with the US to implicate the latest tariff declaration and to provide clarity to the industry.”
