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.
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A torpedo from a U.S. submarine has sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters. The Sri Lankan navy carried out a rescue operation for dozens of sailors in the wake of the strike.
France plans to send anti-missile and anti-drone systems to southern Cyprus after a British air base on the island was attacked by drones, the semi-official Cyprus News Agency (CNA) said on Tuesday.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
UK police have concluded searches at Andrew Mountbatten-Windsor’s former residence in Windsor Great Park as part of an investigation into alleged misconduct in public office.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
A torpedo from a U.S. submarine has sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters. The Sri Lankan navy carried out a rescue operation for dozens of sailors in the wake of the strike.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
U.S. Defense Secretary Pete Hegseth says the United States is making gains in its conflict with Iran after a key Iranian naval target was destroyed, confirming that the strike was carried out by a U.S. submarine off the coast of Sri Lanka. Rescue efforts are now under way for the ship’s crew.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of February, covering the latest developments you need to know.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
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