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UK steel firms on edge as talks to cut Trump tariffs near deadline

British industry could still be hit by levy on exports to US as No 10 confirms deal on reduction not completedBusiness live – latest updatesBritish steelmakers face a nervous wait to discover if they will be hit by US tariffs, after the UK government said it was trying to complete a deal to protect the industry from Donald Trump’s trade war.The US has set a 50% tariff on foreign steel and aluminium imports. While the UK has brokered a reduced rate of 25% and is trying to bring it down to zero, a deal has not yet been completed. Continue reading...

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