Donald Trump Spares UK From His Latest Tariff Hike – At Least For Now

Donald Trump speaks on the phone to Keir Starmer on the day the US-UK trade deal was announced.Donald Trump has handed the UK a temporary reprieve from his latest tariff hikes.The president announced that import taxes on UK steel will remain at 25%, even though they are being increased to 50% for the rest of the world.However, he warned that the British steel imports to America will be treated the same as from other countries after July 9 if the terms of the US-UK trade deal he agreed with Keir Starmer last month are not finalised by then.Under that agreement, tariffs on British steel and aluminium products sold to the United States will be reduced to zero.The prime minister welcomed the president’s announcement on X this morning.He said: “As a result of our landmark deal with the US, UK steel won’t be subject to additional tariffs. My government will always protect British businesses and British jobs.”As a result of our landmark deal with the US, UK steel won’t be subject to additional tariffs.My government will always protect British businesses and British jobs.— Keir Starmer (@Keir_Starmer) June 4, 2025Gareth Stace, chief executive of umbrella body UK steel, said the industry had faced “a rollercoaster of uncertainty” in recent months.“This morning we do breathe a temporary sigh of relief that we’re only paying the 25% tariff, not the 50% tariff, but what we really want to get to is those tariffs removed as agreed by the prime minister and the president on May 8,” he told Radio 4′s Today programme.A government spokesperson said: “The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel.“We’re pleased that as a result of our agreement with the US, UK steel will not be subject to these additional tariffs. We will continue to work with the US to implement our agreement, which will see the 25% US tariffs on steel removed.”But the Conservatives have said that Labour’s “botched negotiations have left businesses in limbo”.Shadow business and trade secretary Andrew Griffith said: “Keir Starmer stood in front of the nation and insisted to the British public that his Labour government had achieved a trade deal with the US – and now one month later our industries face a fresh tariffs blow.“So once again it seems that Keir Starmer’s promise was just like the rest: hollow and broken. Labour’s botched negotiations have left businesses in limbo and this country simply cannot afford their continuing failure.”Related...Donald Trump's Tariffs Blamed As Experts Make Grim Forecast About UK EconomyTrump Threatens 50% Tariffs On EU And 25% Penalties On Apple As His Trade War IntensifiesBlow For Rachel Reeves As Trump Tariffs Blamed For UK Economic Slowdown

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