The UK’s steel and aluminum industry is spared on an immediate hit Donald Trump50 percent From Wednesday – However, a discount deal is still not in place.
In the eleventh hour, We The President decided to “provide separate treatment” to the UK after last week’s announcement. Tariff The industry “and safe” in our country from 25 percent.
However, a very acclaimed UK-US trade deal unveiled last month It should be completely exempted from steel tariffs to Britain, still not implemented.
According to a version of the US Executive Order, levy will be at 25 percent for imports from the UK, which confirmed the tariff increase worldwide on Tuesday – although Britain can still be subject to 50 percent higher than July.
The UK government said that it was “happy”, the UK would not be subject to additional tariffs, as it vowed to remove 25 percent of the levy.
On Tuesday, trade secretary Jonathan Reynolds The UK-US trade representative of White House in Paris met Jaimison Greer to discuss the deal.
According to the Department of Trade and Trade, Mr. Reynolds and Mr. Greer discussed the desire to implement the deal as soon as possible, and committed to work closely to do so.
According to the lesson of the order issued on Tuesday, Mr. Trump has further determined that it is necessary and appropriate to allow the implementation of the Economic prosperity deal of May 8, 2025 (EPD), and accordingly to provide separate remedies, as described below, for imports, steel and aluminum articles, and from their derivatives, from their derivation.
The order later stated that the rates will now be at 25 percent and say: “On July 9, 2025, the secretary can accommodate the applicable rates of duty and can manufacture import quota for steel and aluminum to suit the terms of EPD, or he can increase the applied rates of duty if it determines that he has not compiled with EPDD.
The 50 percent tariff rate is widely applied to the 12.01am Washington DC time on Wednesday, which is in the UK immediately after 5 am.
It was feared that the UK was to be hit with 50 percent tariff. Director General of UK Steel Trade Body, Gareth Stace, warned that this could lead to orders for delay or cancellation for British steel.
A UK 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 as part of our plan for change.
“We are happy that as a result of our agreement with America, UK Steel will not be subject to these additional tariffs.
“We will continue to work with the US to implement our agreement, which will remove 25 percent of the US tariffs on steel.”
The general terms for the agreement between the UK and the US were published in May when the deal was announced, and the desired plans were outlined.
