The British government has expressed disappointment over the U.S. tariffs on steel and aluminum imports but has opted against immediate retaliation. Business Secretary Jonathan Reynolds emphasized a willingness to keep options open for future tariffs while maintaining engagement with the U.S. to protect U.K. business interests. The British government is focused on negotiating a broader economic agreement with the U.S. to eliminate additional tariffs, which is essential for revitalizing the struggling steel industry, now reduced to 0.1% of the economy and facing severe job losses.
The British government termed the Trump administration's tariffs on steel and aluminum imports as 'disappointing,' yet refrained from implementing retaliatory measures at this time.
Business Secretary Jonathan Reynolds indicated future tariffs on U.S. goods remain an option, stating engagement with the U.S. would continue to advocate for U.K. business interests.
The U.K. is negotiating a wider economic agreement with the U.S. aimed at eliminating tariffs which would positively impact U.K. businesses.
The impact of tariffs significantly affects Britain's steel industry, which has seen a drastic decline, now contributing only 0.1% to the economy.
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