Starmer and Trump continue with ‘discussions’ over US Steel tariffs – London Business News | Londonlovesbusiness.com

Date:

Share:


The US President Donald Trump and the Prime Minister Sir Keir Starmer are still in “discussions” over the steel tariffs as the deadline nears.

Trump has said that he intends to make a start implementing tariffs on 9 July and Downing Street is not saying if they are confident a deal will be made between the UK and Washington.

The UK government has negotiated a deal that eliminates tariffs on aviation manufacturers and the automotive sector, however for British steel a deal is yet to be struck.

The US tariff rate is currently at 25% and this could rise to 50% after 9 July deadline, it has been reported Trump is putting more pressure on countries who will be affected to start negotiating.

Downing Street was asked if the government is confident a tariffs deal on British steel can be made, a spokesperson said, “Our work with the US continues to get this deal implemented as soon as possible.

“That will remove the 25% tariff on UK steel and aluminium, making us the only country in the world to have tariffs removed on these products.

“The US agreed to remove tariffs on these products as part of our agreement on May 8. It reiterated that again at the G7 last month. The discussions continue and will continue to do so.”

The spokesperson was asked if MPs are confident that the UK will not be slapped with the 50% tariffs, they replied, “As I say, discussions continue.

“We have very close engagement with the US, and the US has been clear that it wants to keep talking to us to get the best deal for businesses and consumers on both sides.”



Source link

━ more like this

NATO fighter jets scrambled as Ukraine hit with more than 740 strikes – London Business News | Londonlovesbusiness.com

Russia launched more than 740 strikes on Ukraine using hypersonic missiles and drones in a brutal attack. In total Russian launched 741 strikes on...

London businesses bet on profit growth despite persistent headwinds – London Business News | Londonlovesbusiness.com

A growing share of London businesses are optimistic about improving profitability over the coming 12 months, according to the London Chamber of Commerce...

Trump tariffs could cost SMEs thousands – London Business News | Londonlovesbusiness.com

Three in 10 UK SMEs fear losing up to £20,000 this year due to the impact of Trump’s new trade tariffs, meaning the...

Market uncertainty and investor caution stalls IPO activity on London Stock Exchange – London Business News | Londonlovesbusiness.com

The London Stock Exchange saw nine new listings in the first half of 2025, as heightened geopolitical turbulence continued to dampen market activity. The...

Amazon Prime Day deals include the Fire TV Stick 4K Max on sale for $35

Amazon Prime Day can be a good time to upgrade your home theater setup thanks to all the tech deals we usually see....
spot_img