With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
UK Business and Trade Secretary Jonathan Reynolds is set to press the Trump administration next week to fast-track implementation of a deal that would eliminate tariffs on British steel exports, as the US prepares to double global steel tariffs to 50%.
British officials admit there is still no clear understanding of how President Trump's new tariffs — effective from Wednesday — will impact the UK's £400mn in steel exports to the US. Despite the urgency, they acknowledge that enacting trade deals usually takes months.
The UK and US signed a non-binding Economic Prosperity Deal on May 8, which includes US tariff cuts on UK steel, aluminium, and vehicles. However, none of the changes have yet come into effect.
Reynolds will meet US trade representative Jamieson Greer in Paris during an OECD event to discuss implementation timelines. The UK is also lobbying for accelerated progress on a separate deal to lower tariffs on British car exports.
Industry leaders are warning of severe consequences if the US tariff hike proceeds without relief for UK producers. Gareth Stace of UK Steel called the potential 50% tariff “a body blow,” citing uncertainty over whether the US will remain a viable export market.
The UK government confirmed it is working to ensure businesses benefit from the deal swiftly and that the Economic Prosperity Deal will be presented to parliament. But trade experts warn that Trump’s court battles may delay progress on the agreement.
The United Kingdom has withdrawn its support for a major renewable energy project that aimed to supply power from Morocco to Britain through underwater cables, citing concerns over security and delivery risks.
Universal’s new theme park in Bedford, UK has secured a government support package worth around £500 million ($686 million) for rail and road upgrades, as part of a wider package to boost infrastructure ahead of the park’s planned 2031 opening.
Turkish President Recep Tayyip Erdogan met with British Prime Minister Keir Starmer on the sidelines of the NATO summit in The Hague to discuss key regional and global issues.
The UK will buy 12 F-35A jets capable of carrying tactical nuclear weapons.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs) when they met in London on Monday.
Germany’s data protection commissioner has called on Apple and Google to block the Chinese AI app DeepSeek from their platforms over illegal data transfers and privacy concerns.
President Ilham Aliyev received the credentials of Iran’s newly appointed ambassador Mojtaba Demirchilou, highlighting the strengthening of Azerbaijan-Iran relations and discussing broad prospects for cooperation across multiple sectors.
Azerbaijan’s top general observed major drills in Türkiye and met senior Turkish defence leaders, underscoring the allies’ growing military partnership.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Azerbaijan and China have deepened energy cooperation, with new agreements signed to advance green energy initiatives and improve Azerbaijan’s electricity transmission system in line with its renewable energy targets.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
President Donald Trump announced that U.S. forces struck three Iranian nuclear facilities, including Fordow, Natanz, and Esfahan, marking direct American involvement in the ongoing Israel-Iran conflict.
The U.S. Supreme Court could decide on Friday whether to allow enforcement of Donald Trump’s order limiting birthright citizenship, a move that would end automatic citizenship for many children born on American soil.
Liverpool have officially announced the signing of Hungarian international Milos Kerkez from AFC Bournemouth, as part of the club’s strategic efforts to reinforce their defensive line ahead of the 2025–26 campaign.
India and Russia have discussed the timely delivery of the remaining S-400 air defence systems and upgrades to Su-30 fighter jets, alongside broader defence cooperation, during a key meeting at the SCO summit in China.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
India’s Defence Minister Rajnath Singh has urged China to work toward a permanent resolution of their border dispute, emphasizing the need to rebuild trust after the 2020 military clash.
Germany’s data protection commissioner has called on Apple and Google to block the Chinese AI app DeepSeek from their platforms over illegal data transfers and privacy concerns.
President Ilham Aliyev received the credentials of Iran’s newly appointed ambassador Mojtaba Demirchilou, highlighting the strengthening of Azerbaijan-Iran relations and discussing broad prospects for cooperation across multiple sectors.
Azerbaijan’s top general observed major drills in Türkiye and met senior Turkish defence leaders, underscoring the allies’ growing military partnership.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Azerbaijan and China have deepened energy cooperation, with new agreements signed to advance green energy initiatives and improve Azerbaijan’s electricity transmission system in line with its renewable energy targets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment