BlockBeats News, September 16th, according to the Financial Times, UK Prime Minister Starmer has reportedly set aside the idea of “UK steel exports to the US enjoying a certain quota of zero tariffs,” and instead is inclined to negotiate with Trump to secure a “permanent” 25% tariff treatment for all UK steel exports.
Starmer’s allies revealed that if UK steel exports could obtain a fixed 25% tariff commitment, it would provide “certainty” to the industry and give it a competitive advantage—since this tariff rate is only half of the 50% tariff paid by other countries.
UK government officials indicated that the current 25% preferential tariff enjoyed by UK steel is planned to be designated as a “permanent treatment,” although a “formal agreement” has not yet been reached, it is expected to be announced during Trump’s three-day state visit to the UK starting on Tuesday.
