UKSteel

🇬🇧⚙️ UK Presses Trump for Steel Tariff Relief – Industry on the Brink 🇺🇸💥

🔥 Just days before a massive 50% US tariff on global steel & aluminum kicks in, the UK is demanding answers from the Trump administration.
📉 British exporters face a £400M blow if Washington doesn’t honor the May 8 handshake deal to scrap tariffs on UK steel and cars.
⏳ Time’s running out. And UK steel is on the edge of a financial cliff.

📍UK Trade Secretary Jonathan Reynolds will meet US officials in Paris this week to push for urgent action on the Economic Prosperity Deal — a plan meant to slash: 🔹 🇬🇧 Steel/Aluminum tariffs from 25% → 0%
🔹 🚗 UK car tariffs from 27.5% → 10% for 100K vehicles

❗But over 3 weeks later… NOTHING has been implemented.

💬 “The steel situation is still unclear,” say officials.
⚠️ Trump’s legal battles + political chaos are slowing everything down — even though a US court ruled his tariff plan illegal last week (but paused enforcement).
💼 Meanwhile, industries like Jaguar Land Rover are stuck in limbo.

👷‍♂️ UK Steel boss Gareth Stace calls Trump’s move “a body blow,” warning the US might be shutting the door on Britain’s second-largest export market.

💱 The UK already made trade concessions (US beef, ethanol, more imports)...
🔁 But so far: No benefits. No implementation. No clarity.

⏰ The steel tariff hike hits Wednesday.

Will the UK get a deal in time — or will British exporters get crushed?

#TradeWars #TrumpTariffs #UKSteel #BinanceSquare #CryptoNews