The Government says it’s "confident" it can implement its trade deal with the US in time to prevent Britain’s steel industry facing even higher tariffs.
US president Donald Trump exempted the UK from the 50% tariffs on steel and aluminium that came into effect this morning, saying he would "provide different treatment" after the deal that was agreed between London and Washington last month.
The decision means that British steel exports will continue to face a 25% levy from America, rather than the higher rate, while negotiations continue on bringing the agreement into effect.
[Subscribe: https://bit.ly/C4_News_Subscribe]
——-
Get more news at our site – https://www.channel4.com/news/
Follow us:
TikTok – https://www.tiktok.com/@c4news
Instagram – https://www.instagram.com/channel4news/
Twitter – https://twitter.com/Channel4News
Facebook – https://www.facebook.com/Channel4News/
