The British steel industry faces significant threats from proposed US tariffs of 25% on imported steel by President Trump. UK Steel and unions are demanding immediate protection and action from the Prime Minister, anticipating job losses and a detrimental economic impact. In 2023, the UK exported over 166,000 tonnes of steel to the US. Union representatives highlight the devastating consequences of such tariffs on the sector’s balance of trade, stressing the importance of high-quality UK steel to various critical industries.
The UK produces world-leading steel, supplying the US with high-quality products for defence, aerospace, stainless, and other critical sectors, materials that simply cannot be replicated elsewhere.
Gareth Stace warned that should Trump go ahead with the tariffs this will "be a devastating blow to our industry" which will cause "damage over £400 million worth of the steel sector's contribution to the UK's balance of trade."
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