The UK’s Business Secretary, Jonathan Reynolds, has stated that imposing US tariffs on UK steel would be “negative” for both countries. He emphasized the need for a mutual interest in negotiating an exemption from President Donald Trump’s plans for a 25% import tax.
The UK government has launched a consultation on its Plan for Steel, aiming to address long-term issues facing the industry, including cheap imports and high energy costs. The plan will explore opportunities to expand steel production, encourage the use of UK-made steel in public infrastructure projects, and improve scrap processing facilities.