Starmer Urged to Protect UK Steel Amid Trump Tariffs
Starmer Urged to Protect UK Steel Amid Trump Tariffs

Starmer Urged to Protect UK Steel Amid Trump Tariffs

News summary

The British steel industry is on high alert following President Donald Trump's announcement of a potential 25% tariff on all steel imports to the United States, which could have devastating effects on the sector. UK Steel representatives warn that such tariffs would not only threaten jobs but could also damage the £400 million contribution of the steel sector to the UK's balance of trade. The US is the second-largest export market for UK steel, accounting for about 5% of total exports in 2023. Concerns are growing that these tariffs may lead to increased pressure from diverted exports from countries like China. Political leaders, including Liberal Democrat leader Ed Davey, are calling for immediate action, urging Labour leader Sir Keir Starmer to convene a Four Nations summit to address the looming crisis. As the UK government waits for further details, the steel industry emphasizes the importance of its high-quality products for critical sectors in the US economy.

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