UK Criticizes US Steel Tariffs, Avoids Retaliation

The UK government has expressed disappointment over the US's new 25% tariffs on steel and aluminum imports but has opted not to impose retaliatory measures. Business Secretary Jonathan Reynolds emphasized the UK's focus on maintaining a pragmatic approach and negotiating a wider trade agreement with the US, stating that all options remain on the table. In contrast, the European Union announced countermeasures worth €26 billion against US products, including bourbon and jeans, in response to the tariffs. EU officials highlighted the adverse effects of the tariffs, which disrupt supply chains and increase prices for consumers. The UK aims to protect its steel exports, which are valued at approximately £390 million, while engaging in discussions with the US to safeguard its business interests. This strategy aligns with Prime Minister Keir Starmer's goal of negotiating a favorable trade deal with the US.