The White House announced that the UK will be spared from the new 50% tariffs on steel and aluminum effective Wednesday, thanks to a trade deal reached last month. President Trump signed an executive order maintaining the 25% tariff rate for UK imports while alerting that the higher rate may apply if compliance issues arise. The UK government appreciates this decision as it continues to protect its jobs and business. There remains concern within the UK Steel sector regarding uncertainty in tariff implementations and the potential impact on US trade relations.
The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors.
Continued 25% tariffs will benefit shipments already on the water that we were concerned would fall under a tax hike. However, uncertainty remains over timings and final tariff rates.
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