UK not planning to hit back at US on steel tariffs

Quick Summary:

Trade Minister Douglas Alexander said the UK would not have "a knee-jerk reaction" but "a clear-headed" response.

The tariffs, set to apply from 12 March, would mean any steel or aluminium coming into the US would be subject to an import tax worth 25% of its value.

This is a moment where our countries should work together to tackle global steel overproduction, not to be at loggerheads," he added.

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Article Details

Category: Business

Markets: United KingdomAustraliaBrazilCanadaIrelandMexicoUkraine

Topics: Trade Response Tariffs Countries Government President Trump Steel Minister Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 16:43:39 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 948 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26148638

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Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

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News Last Updated: 12 hours ago

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