Credible News
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
Credible News
No Result
View All Result

Trump’s tariff hit UK steel industry hard

Businesses fear shock as trade talks continues

admin by admin
March 12, 2025
in Conflict, Economy, Global Trade, Legal, News
0
President, Donald Trum

President, Donald Trum

0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The UK steel and aluminium industries are reeling from the impact of U.S. President Donald Trump’s newly enforced tariff, warning that the 25% import tax could not have come at a worse time.

With the levy taking effect at midnight in the U.S. (0400 GMT), industry leaders are urging the UK government to step up negotiations to prevent further damage to British exports. Officials, however, are stressing the need for a “cool-headed approach” rather than immediate retaliation.

Gareth Stace, Director General of UK Steel, called the tariffs “hugely disappointing,” emphasizing that the UK is a key U.S. ally, not a trade threat. “These tariffs couldn’t come at a worse time for the UK steel industry, as we battle high energy costs and subdued demand,” he said.

The aluminium sector is also feeling the strain. Nadine Bloxsome, Chief Executive of the Aluminium Federation, warned that the tariffs are already disrupting the market, risking UK sustainability goals and flooding the domestic industry with cheap imports.

READ ALSO: Stocks slide as Trump’s tariffs fuel uncertainty

Trade experts fear escalating tensions could spark a full-blown trade war, with the European Union already planning counter-tariffs worth $28 billion starting April 1. William Bain, Head of Trade Policy at the British Chambers of Commerce, urged both nations to avoid a tit-for-tat escalation.

Despite ongoing diplomatic efforts, Prime Minister Keir Starmer’s government remains on high alert. “We remain prepared to defend the UK’s national interest where it’s right to do so,” a government spokesperson stated.

With around 5% of UK steel and 6% of aluminium exports heading to the U.S., businesses are calling for urgent action to mitigate the fallout.

While Trump has previously backed down on similar trade threats, uncertainty looms over whether the UK can secure an exemption before lasting damage is done.

NAN

Tags: Steel sectorTariff regimeUKUS
Previous Post

Police uncovers burial site of missing LASU graduate

Next Post

EFCC flags 58 illegal ponzi schemes

admin

admin

Next Post
CBN gives fresh directive to banks on cash availability at ATMs

EFCC flags 58 illegal ponzi schemes

NRS Advertisement

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Kwara State university campus in Osi ready for first lectures

Kwara State university campus in Osi ready for first lectures

November 18, 2024
Police warn Lagosians against economic disturbance during NLC protest

Police in Kano urges caution as Muslims begin Ramadan

March 11, 2024
Bandits kidnap students of Federal University of Gusau

Gunmen kill nine in Plateau State

October 2, 2023
Methodist Church seeks FG’s support on mission schools

Methodist Church seeks FG’s support on mission schools

September 11, 2025
Corper recounts ordeal of Agunechemba attack, seeks prosecution

Corper recounts ordeal of Agunechemba attack, seeks prosecution

2

ADC begins online membership registration

2
Biden arrives Israel

Biden visits Israel amidst killing of more Palestinians

1
handcuffs

Police arrests 34-year-old man for raping 90-year-old woman

1
WHO global health estimates highlight rising life expectancy and the growing impact of noncommunicable diseases worldwide.

WHO reports rise in death from noncommunicable diseases

October 2, 2026
American rapper Rick Ross, 50, faces domestic violence charges after his former girlfriend allegedly accuses him of assaulting and choking her during an argument at his Miami home.

Rick Ross face charges on assault, domestic violence

October 2, 2026
PBAT Door-to-Door Movement, urges Nigerians to re-elect President Bola Tinubu in 2027as it unveils campaign in Yobe State.

Tompolo endorses Tinubu for sustainable reforms

October 2, 2026
Dr Amos Josiah Dangut, newly appointed Registrar and Chief Executive Officer of the West African Examinations Council

Dangut takes charge as WAEC’s 14th registrar

October 2, 2026

Recent News

WHO global health estimates highlight rising life expectancy and the growing impact of noncommunicable diseases worldwide.

WHO reports rise in death from noncommunicable diseases

October 2, 2026
American rapper Rick Ross, 50, faces domestic violence charges after his former girlfriend allegedly accuses him of assaulting and choking her during an argument at his Miami home.

Rick Ross face charges on assault, domestic violence

October 2, 2026
PBAT Door-to-Door Movement, urges Nigerians to re-elect President Bola Tinubu in 2027as it unveils campaign in Yobe State.

Tompolo endorses Tinubu for sustainable reforms

October 2, 2026
Dr Amos Josiah Dangut, newly appointed Registrar and Chief Executive Officer of the West African Examinations Council

Dangut takes charge as WAEC’s 14th registrar

October 2, 2026
Credible News

At Credible News we seek, process and serve news, opinions and analyses that are verifiable and reliable.
We also provide readers with authentic and credible facts and figures, news, opinions and analyses to make informed choices.

Follow Us

Browse by Category

  • Accident
  • Agriculture
  • Banking
  • Conflict
  • Crime
  • Development
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Features
  • Foreign
  • Global Trade
  • Health
  • Human Interest
  • ICT
  • Interviews
  • Legal
  • Life Style
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Travel
  • Trending
  • Women

Recent News

WHO global health estimates highlight rising life expectancy and the growing impact of noncommunicable diseases worldwide.

WHO reports rise in death from noncommunicable diseases

October 2, 2026
American rapper Rick Ross, 50, faces domestic violence charges after his former girlfriend allegedly accuses him of assaulting and choking her during an argument at his Miami home.

Rick Ross face charges on assault, domestic violence

October 2, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.

No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.