With US Trade Deal, UK Steel Industry Feels Some Much Needed Relief
The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.
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The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.
The agreement President Trump announced Thursday still needs to be finalized, but the administration said the deal with one of America’s closest allies would be the first of many.
The agreement appeared to be more of a framework than a settled deal and eased some of President Trump’s tariffs on British goods while opening its markets.
A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term.
The United States is said to be in talks with the African country about taking in expelled migrants. There may be lessons in London’s experience.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
The U.S. proposal would freeze territory along the current front lines of the Russia-Ukraine conflict, which Ukraine has rejected.
The vice president did not offer details, but his comments may offer British leaders some comfort after the Trump administration imposed tariffs.
British officials also announced more financing for exporters as the country sought to protect firms hurt by tariffs.
A yet-to-be-named Universal Studios theme park will be the country’s largest tourist attraction when it opens in 2031. But studio executives have not yet said which characters will be featured.