Trump steel tariffs negative for UK and US, says Reynolds

Quick Summary:

President Donald Trump is set to impose 25% taxes on steel entering the US "without exceptions".

Gareth Stace, director-general of UK Steel, said the government's commitment to the industry was "both vital and welcome".

Asked about the potential job losses in Scunthorpe, Reynolds accepted that there would be a "reduction in head count" with the introduction of new technologies, but he said more jobs could be created if demand for UK steel was increased.

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Article Details

Category: Business

Markets: United KingdomChinaIndia

Topics: Jobs Business Steel Secretary Tariffs Trump Industry Countries Trade Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-16 @ 16:03:02 (6 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1052 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 26311687

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