THE UK Government has said that it is ‘disappointed’ that America has imposed global tariffs on steel and aluminium.
US businesses wishing to import steel and aluminium into the US will now pay a 25% tax.
UK Government business and trade secretary, Jonathan Reynolds, said, “It’s disappointing the US has today imposed global tariffs on steel and aluminium. We are focused on a pragmatic approach and are rapidly negotiating a wider economic agreement with the US to eliminate additional tariffs and to benefit UK businesses and our economy.
“Meanwhile we remain resolute in our support for UK industry. This government is working with affected companies today, and I back industry’s application to the Trade Remedies Authority to investigate what further steps might be necessary to protect UK producers.
“I will continue to engage closely and productively with the US to press the case for UK business interests. We will keep all options on the table and won’t hesitate to respond in the national interest.”
