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UK will not immediately respond | Global News Avenue

UK will not immediately respond

Faisal Islam and Mitchell Labiak
Getty Images Engineer Wearing a Hard Cap and High Speed ​​Jacket Forged Steel at a Factory in SheffieldGetty Images

The government said the UK will not immediately retaliate against U.S. steel and aluminum tariffs.

Trade Minister Douglas Alexander said in parliament that Britain would not have a “knee response” but a “cool and clear” response.

Many in the industry call for Britain to join the EU and Canada, saying they will object to opposition Policy announced by U.S. President Donald Trump on Monday.

The tariff will be filed on March 12, meaning that any steel or aluminum entering the United States will be subject to an import tax of 25% of its value.

Alexander said the deadline would give the government time to interact with steel companies and trade unions in the UK and to interact with upcoming U.S. trade officials.

But, Shadow Trade Minister Harriett Baldwin said, “This is a huge moment for the UK’s steel industry as the UK fails to interact with the new US government with enthusiasm”.

Liberal Democratic leader Ed Davey urged the government to show “urgency” when dealing with problems and protecting efforts.

The British minister will meet with the steel industry and unions later on Tuesday and visit major steel companies later this week.

Generally speaking, the direction of travel to tariffs seems to be a clear attempt to set it apart Other G7 allies attempt to cast their power Go to the White House.

Canadian industry minister François-Philippe Champagne called for a “completely unreasonable” tariff decision and said its response would be “clear, calibrated”.

Meanwhile, European Commission President Ursula von der Leyen said, “The EU’s unreasonable tariffs will not be without an answer.”

A spokesman for Prime Minister Sir Kyle Starmer declined to say whether Trump imposed tariffs was wrong.

“We will take a way to consider it. We will interact with the United States on details, but the government is clear that we will be based on our national interests, and this issue is no different from that,” the spokesperson said.

Tariffs are paid by companies purchased from overseas, not to those paid to overseas companies sold to them.

Importing companies can choose to pass the fees directly to customers, or absorb the costs themselves, or just to reduce imports. Foreign exporters can also decide to lower prices to protect sales.

Trump introduced similar steel and aluminum tariffs in 2018 during his first term, but many countries, including the UK, were later able to exempt them.

The United States accounts for about 10% of the UK steel industry exports, but for suppliers of certain specialty products, it is more important than that, accounting for a large part of its overall business.

“Respect and Understanding”

The government’s comments on Tuesday responded to similar statements from Monday’s senior data.

Prime Minister Rachel Reeves told Matt Forde’s The Policy Party Podcast that she “fairly believes that a deal can be reached.”

When asked if the UK would introduce tariffs, she said: “I don’t believe in tariffs. I don’t want to see more tariffs.”

British Ambassador to the United States Mandelson said Britain must “Respect and Understand” Trump.

British trade body Steel said on Monday that any U.S. tariffs are a “destructive blow” to the British industry.

The group added: “President Trump’s adoption of sledgehammers has made a huge impact on the steel sector in the UK and around the world to free trade.”

Unite, a union representing British steel workers, said Trump’s announcement “should be a wake-up call for the administration” and called on it to buy more British steel.

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