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UK wins breathing space as US delays harsh metal tariffs

2025/06/04/15:57
in Global news
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The White House has signalled that the United Kingdom will be temporarily spared from a steep rise in tariffs on steel and aluminium, offering a window of opportunity to finalise a new bilateral trade framework. The announcement comes as Washington prepares to impose 50% duties on a broad range of metal imports to bolster domestic manufacturing, a move widely seen as part of President Donald Trump’s renewed economic nationalism.

Currently, UK steel and aluminium exports to the United States face a 25% tariff, a rate that was set during the earlier Trump administration under Section 232 national security measures. These will remain unchanged for the next five weeks, as negotiators on both sides attempt to translate the UK-US Economic Prosperity Agreement into actionable trade policy. Failure to do so by 9 July, however, would see the full 50% tariff applied to British metals.

The temporary reprieve follows lobbying from UK government officials and industry leaders, who warned that doubling tariffs would place serious pressure on an already fragile domestic steel sector. Business Secretary Jonathan Reynolds met with senior figures in the US administration to secure the exemption, stating that Britain was committed to a pragmatic solution that avoids long-term damage to transatlantic trade.

While the short-term delay has been welcomed, concern remains among UK producers. Industry figures have described the situation as a ‘countdown clock’ to potentially devastating costs, especially for firms already grappling with volatile energy prices and weak global demand. Companies such as Tata Steel and Special Melted Products, which export specialty steels to the US, could face severe disruption if the negotiations falter.

The dispute over metal tariffs is also symbolic of deeper frictions in global trade, as the US intensifies efforts to reassert industrial self-sufficiency. President Trump has indicated that punitive tariffs will remain a key tool in efforts to reduce reliance on foreign materials, particularly from countries he views as subsidising exports or undercutting American producers. Although the UK is not among those targeted with direct accusations, it remains caught in the broader geopolitical shuffle.

Meanwhile, the current arrangement only guarantees that shipments already in transit will avoid the higher rate, creating logistical complications for exporters. Delays in clarification of the final terms have left many unsure of how to plan future deliveries. Some are holding off on US-bound shipments altogether until the policy is fully resolved.

Both sides have framed the current negotiations as productive, but time is running short. British officials are urging their American counterparts to honour the spirit of the May agreement and deliver certainty for businesses. Yet the broader posture of the White House suggests that exemptions will only be maintained where strategic or political benefits are clear.

For now, the UK metal sector has won a brief reprieve. Whether it can parlay this into a durable agreement remains to be seen. The next month may determine not only tariff levels but also the tone of post-Brexit UK-US economic relations for years to come.

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