The government still does not know what British steel and aluminum industry will be hit with 50 percent tariff tomorrow, Donald Trump a few hours before the ramping his global trade war.
The US President sent shockwaves through the global economy when he announced on Friday that he would increase Tariff The industry “and safe” in our country from 25 percent.
A very-proclaimed UK-US trade deal unveiled last month When he was dropped to zero as part of the agreement, Britain should be completely exempted from steel tariffs.
But this deal is yet to be implemented, which means that the industry can already be slapped with tariffs.
As the questions grow on whether Britain will avoid Wednesday’s growth, a downing street source said that no one “does not know what the announcement would be”.
“No one has seen [Trump] Is going to announce tomorrow. The deal and quotation that we agree is zero, but the question is that when it comes, it is a case, he said, a few hours ago to hit the fresh tariff.
The source said that when the time would apply when the deal agreed, the “US gift”, saying that the government was expected to agree soon.
Trade Secretary Jonathan Reynolds is currently in Paris, where he will meet in a final-khai attempt with his American counterpart Jaimison Greer, who will pin a time-line to secure a carving-out from the hike and implement the deal.
Asked whether British companies may face 50 percent tariff on Wednesday, the Prime Minister’s official spokesperson said it “is up to the United States to make its policy announcements”.
“I am not going beyond such announcements for the United States.
He said, “When it comes to the implementation of the agreement, the work is going on and the business secretary will hold a meeting with his counterpart in Paris”, he said.
It comes after Independent Told on Monday that the government is To clearly seek clarification from the US about the latest declaration of Mr. Trump on Tariff for the UK.
Sir Kir Stmper and Mr. Trump announced the widespread terms of an agreement last month, which would give the UK a relaxation on this steel and cars from some tariffs of the US President, while raising the market access to other items.
The Prime Minister said the announcement as a major achievement, saying that Britain was the first nation to reach such an agreement with Sri Trump. But the details are still working before a formal deal, and the government expects an agreement within the week.
The meeting of Mr. Reynolds with Mr. Greer comes amid uncertainty about the future of Mr. Trump’s tariff, when an American court illegally ruled by an American court illegally, an appeal court restored Levi to pending another hearing.
Orthodox Shadow Trade Secretary Andrew Griffith said: “Labor told the British public that we had a deal with the US – but in a month, there is no deal in sight, meaning that British business and labor are suffering from Labor’s unsuccessful talks.
“After snatching the winter fuel payment, lying about increasing taxes, and confusing the public by saying this to the American business deal, the public will not rely on a word correctly, says Labor.
“As all other political parties have said about spending more taxpayers’ money, only conservatives are committed to being responsible with public finance.”
Gareth Stace, Director General of UK Steel Trade Body, warned that President Trump’s latest declaration was a “body blow” and could give rise to orders for delay or cancellation in British steel.
He said on Saturday, “There will be serious concern and confusion for our region to wake up to 50 percent for double the tariff this morning.”
