Tue, 03 Jun 2025

Tue, 03 Jun 2025 UK temporarily spared from Trump's 50% metal tariffs

The executive order raises import taxes for US firms buying from other countries - but the levy remains at 25% for the UK.

* The US has temporarily exempted the UK from a 50% tariff on steel and aluminium imports, with the levy remaining at 25%.
* The exemption is due to the pending ratification of the US-UK Economic Prosperity Deal (EPD), which would axe tariffs.
* UK steel exporters will still face tariffs until the EPD comes into force, and could face a 50% tariff if the pact falters.
* The UK government said it is committed to protecting British businesses and jobs.
* Trump's executive order raises import taxes for US firms buying from other countries from Wednesday.
* The UK may eventually face a 50% tariff on steel and aluminium imports from July 9, if the US determines that the UK has not complied with aspects of the EPD.
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