UK Warns Trump's Steel Tariffs Threaten Both Economies

UK Business Secretary Jonathan Reynolds has warned that the proposed 25% tariffs on UK steel imports by the US could negatively impact both nations. He emphasized the importance of UK steel exports, particularly specialized products like submarine casings that the US Navy relies on, arguing that tariffs would increase costs for US taxpayers. The UK government is seeking exemptions from these tariffs, highlighting constructive discussions with US officials, while also committing £2.5 billion to support the UK steel industry. Critics, including Liberal Democrat leaders, claim the government is inadequately protecting the steel sector and call for retaliatory measures against the US. Reynolds maintains that the UK has a unique trading position that warrants special consideration compared to other nations facing tariffs. The looming tariffs pose significant risks to the UK's steel industry, which is valued at over £400 million annually in exports to the US.