UK Steelmakers React to Trump’s Tariff Doubling as Industry Faces Uncertainty

UK Steelmakers React to Trump’s Tariff Doubling as Industry Faces Uncertainty

Our UK steelmakers are reeling from increased levels of uncertainty. This comes on the heels of US President Donald Trump’s announcement that he is doubling import tariffs on steel and aluminum from 25% to 50%. In a related development, the US federal government recently agreed to remove import levies on UK steel, as part of a trade deal reached on 8 May. This decision continues to have effect. The original tariff is still in effect while the specifics of this deal are worked out.

The UK’s exports of steel and aluminium to the US total approximately £700 million annually, a relatively small amount compared to overall trade. The moment is dire. The nuclear submarines the UK produces steel for specialized hospitals and stadiums show the UK’s ability to produce high-performing, long-life steel. Industry specialists are cautioning that it will be difficult if not impossible for US manufacturers to source such specialty steel from other domestic sources.

UK Steel director general Gareth Stace has expressed his dismay at the tariff increase. He called it “another body blow” to an industry already dealing with challenges and uncertainty. Stace pointed out that PM Sir Keir Starmer and President Trump still haven’t completed their agreement. This confusion makes conducting business with the US more difficult.

“The deal that Prime Minister Sir Keir Starmer and President Donald Trump struck just a few short weeks ago is yet to be finalised, so this doubling of tariffs plunges the UK steel industry further into confusion…it is yet another body blow for all UK steelmakers in this torrid time.” – Gareth Stace, UK Steel director general

A UK government spokesperson agreed on the significance of these developments. Our representatives are in constant touch with their US counterpart to understand how this new tariff announcement will affect them. The spokesperson then reiterated the government’s commitment to protecting British businesses and jobs in vital industries, particularly steel.

“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, including steel.” – UK government spokesperson

As the scenario plays out, UK steelmakers are sounding the alarm about this added cost placed on them by the new tariffs. Stace argued that they shouldn’t have to shoulder the cost of these dramatic tariff spikes. They are serious about providing superior quality steel to steel fabricators and manufacturers all across America.

“UK steelmakers should not have to shell out for this new steep hike in US steel tariffs – all we want is to continue producing the steel our US customers value so highly,” – Gareth Stace, UK Steel director general

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