UK spared from Donald Trump’s 50% metal and aluminium tariffs | EUROtoday

The UK has been spared from US President Donald Trump’s government order doubling metal and aluminium tariffs from 25% to 50%.

The order signed by Trump on Tuesday night raises import taxes for US corporations shopping for from different international locations – however the levy stays at 25% for the UK.

The UK and US tariff pact signed in May will axe all import taxes on metal and aluminium, but it surely has not but come into pressure, that means UK metal exporters will face tariffs till then.

A UK authorities spokesperson stated it stays “committed to protecting British business and jobs across key sectors”, however the Conservatives stated the order was a “fresh tariff blow”.

The UK authorities spokesperson added that it’s going to “continue to work with the US to implement our agreement, which will see the [tariffs] removed”, with the laws implementing the deal to be offered in Parliament “in due course”.

The UK’s carve-out within the government order comes after Business Secretary Jonathan Reynolds met with US Trade Representative Jamieson Greer in Paris on Wednesday.

The US is the vacation spot for about 7% of UK metal exports, that means any tariffs have a huge impact on the business.

Shadow enterprise secretary Andrew Griffith stated: “Labour’s botched negotiations have left businesses in limbo and this country simply cannot afford their continuing failure.”