The UK has shelved plans for zero-tariff quotas on steel to the US, and instead talks about a "permanent 25% tariff"
2025-09-16 15:13:22
According to the Financial Times, British Prime Minister Starmer has put aside the idea of "a quota of zero tariffs on British steel exports to the United States", and instead favors negotiating with Trump to obtain a "permanent" 25% tariff treatment for all British steel exports. Allies of Starmer said that if British steel exports could receive a fixed tariff commitment of 25%, it would provide the industry with "certainty" and give it a competitive advantage - because the tax rate is only half of the 50% tariff paid by other countries. Government officials said there was no "formal agreement" to make the 25% preferential tariff on British steel "permanent", but it is expected to be announced during Trump's three-day state visit to the UK, which starts on Tuesday.
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