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UK Business Secretary Warns Trump’s Tariffs Could Harm Both UK and US Economies

UK Business Secretary Jonathan Reynolds urges exemptions from Trump's steel tariffs, emphasizing job security and mutual trade interests between the US and UK.

Overview

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In light of President Trump's proposed 25% steel tariffs, UK Business Secretary Jonathan Reynolds has warned of negative consequences for both nations. He seeks exemptions, noting that UK steel exports, vital for U.S. defense, could be jeopardized, pushing up costs for U.S. taxpayers. As part of a broader trade debate, Reynolds is advocating for guaranteed steel jobs and profitability in the UK, while acknowledging 'constructive conversations' with U.S. officials. UK Steel expressed concerns about market volatility and job losses amid efforts for tariff exemptions. The UK government has committed to supporting the steel industry amid these challenges.

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