UK Industry Faces Steel Tariff Challenges ...Middle East

OILPRICE - Economy
UK Industry Faces Steel Tariff Challenges
source : OILPRICE ( Middle East ) () 55
UK industry heavyweights have branded Donald Trump’s tariffs on steel and aluminium imports a “difficult day for transatlantic trade” that will put “considerable pressure” on the UK’s metals sector. Tariffs on the two widely-used commodities came into force on Wednesday morning, meaning all UK steel and aluminium exports to the US will now be subject to a 25 per cent levy. The duties were first announced last month, and bosses from the UK’s steel and trade sectors lamented the fact the UK was unable to…

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