Steel tariffs ‘couldn’t come at a worse time’ for UK industry Economics UK industry heavyweights have branded Donald Trump’s tariffs on steel and aluminium imports a “difficult day for transatlantic trade” that will put “considerable pressure” on the UK’s metals sector. Tariffs on the two widely-used commodities came into force on Wednesday morning, meaning all UK steel and aluminium exports to the US will now be subject [...]
Steel tariffs: No10 won’t say if Trump wrong to impose import charges Politics Downing Street has refused to say whether Donald Trump is wrong to impose 25 per cent tariffs on the UK’s steel exports to America. Trump’s executive order scrapped exemptions for the UK and all other countries, with all steel and aluminium exported to the States to face tariffs from March 12. Speaking from the Oval [...]
Steel tariffs: UK ‘ready for all situations’, No10 says on Trump threats Politics The UK is “ready for all situations” and ministers will “engage as appropriate”, No10 has said, in the wake of Donald Trump’s threat to impose tariffs on steel and aluminium imports into the US It follows a government minister saying Britain will have to “wait and see” if Donald Trump “gets more specific” about his [...]
UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Green energy plans could reduce costs for UK steelmakers, industry says August 20, 2024 Plans for the UK to become a green energy superpower could help reduce costs for British steelmaking, a supplier has said. Prime Minister Sir Keir Starmer visited a wind farm near Carmarthen, west Wales, today as part of a trip to promote his ambition for renewable power through setting up GB Energy. The public company [...]