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UK steel industry to escape Trump’s higher rate tariffs
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- Опубліковано 17 чер 2025
- This time next week the Chancellor Rachel Reeves will be delivering the government's Spending Review - the treasury's decision on which departments get the funding they want and which ones lose out.
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Today in Manchester she was rolling the pitch with hints she'd had to turn down what she called "some good projects" to keep within her fiscal rules.
But in a boost to the bottom line she was able to announce that the UK's steel industry will escape President Trump's 50 per cent tariffs thanks to a deal made between London and Washington last month.
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No tariffs on the steel we don't sell to the US anyway, wow how amaaaaazzingzzzzz.....
Our steel out put is down to zero zero zero and has been for years.
We used to have a steel industry that was the best in the world but it was sold of and closed down we have only one left that does not have a great capacity and needs modernised.
Sadly the UK don't own their own Steel Industry, China does. Thus China gets a break, not the UK. :/
Didn't the UK recently nationalise their steel production? It was previously under Chinese ownership.
The UK doesn't even own their own sewer system. Welcome to capitalism.
Uk do own the high end steel industry, very valuable for premium work
The uk is DONE 📉🇬🇧
🏴☮️🇪🇺
We have one steel plant, recently saved. Port Talbot closed. They're not really viable with Chinese imports. So tariffs are intended for them. But cant US make steel for similar or less than UK? The one plant. Therefore, this marvellous tariff break is almost, if not completely worthless. Am I missing something?
To me steel is steel. But experts will surely disagree, and explain that there are different types of steel, and that the decision to purchase from one plant rather than another is not just based on price.
This sad excuse for a report fails to mention that Britain was on the verge of losing their last functioning steel mill. The willingness to buy UK steel is very helpful to Britain and it replaces cheap Chinese steel. Meanwhile the US can rebuild the steel industry that has been lost.
What steel industry would that be..?
Play Trump’s games, win stupid prizes.
And all for the low price of £5bn in defence spending 🤫
This is deliberate to put us at odds with Europe.
You've got the same TATA steel as us in the Netherlands.
@@Joey-ct8bmyes. But different tarrifs. Trump giving us 10% and putting 50% on everyone else isolates the UK. I would rather we align with Europe our neighbours, and allies, rather than USA who appear to be everyone's enemy and no ones ally. It isolates us with them, creates animosity, makes us seem like collaborators. Just how I feel.
We're already at odds with them, we voted to leave so they sent millions of migrants across while the police and coastguard pretended not to see it.
The uk has no steel industry😊
The UK is done 📉🇬🇧
🏴☮️🇪🇺
Not difficult to get low tariffs on an industry that's virtually not operating ...there's nothing in nothing..
Is it steel tariff or tariff steal?
Nice one LOL.
Starmer scores again 🤣
What steel industry? The UK had one factory that could make proper steel. Is it even still open?
Most steelworkers here get it from overseas.
What UK steel industry? You mean the one steel factory you have?
A deal with Trump 😂😂😂😂😂😂😂😂😂😂😂
What UK steel Industry? I didn’t realise we still have one!!
UK exports to US:
In 2024, the UK exported 180 thousand tonnes of semi-finished and finished steel to the US, worth £370 million. This accounts for 7% of the UK’s total steel exports by volume and 9% by value.
The UK exported 300Kt (£490mn) of steel to the US in 2017 before Section 232 tariffs were imposed in 2018. The UK exported an average of 200Kt (£320mn) over 2018-2021. The UK and the US agreed a system of tariff rate quotas in 2022 seeing exports recover slightly to 235Kt (£517mn). However, the next two years have seen a tough market for steel as a result of high costs and weak demand, which has impacted UK steel production and exports. In 2023, the UK’s steel exports to the US totalled 165Kt (£388mn).
Not a lot but still better than zero I guess
What did we trade instead with trump .
What was the catch?
Vote Reform.
Noooo
Weather nice in Moscow? Pity about all your bombers.
Fromage Farage 🤥 & HIS UKIP /REFORM DISASTER BREXIT HAS COST THE UK BILLIONS📉🇬🇧
Jog on MAGA 🇺🇸 Bot 🤥
Does America buy British steel?
Never.
You need Steel to make bombshells!! Maybe there’s more to the deal than they have let on
No, you haven't nothings been signed. Liars liars liars.
He’s a sellout
Starmer getting us closer to the EU aint helped.. Starmer is a idiot.
You've got the same TATA steel as us in the Netherlands. We've the same company.🤣 Shell too. In the world of companies we in Europe use the same, especially in industry.
What steel industry you muppets
Trump appears to be creating an EU type setup singlehandedly which is ambitious
Call it what it is TAX .these mugs couldn't run a sweet shop. She even looks like the Disney sheriff of Nottingham.
lol, chump is,out of control, time to choose another president now before it’s too late 😂
I suggest you tell Trump where to go.
The Whitehouse?
Should we ask the steel industry to come back while we're at it?
Please obey Trump and agree to buy their chlorinated chickens and hormone beef!! Yes sir Trump!! We love and worship the Great American leader !! 🙏🏻🙏🏻🙏🏻😁😁😁
Very British name you have there. I suggest you leave the west if you don't like who we vote for. I'm sure Mao will take you back.
Because you love rent boys ????
TACO 🌮 TACO 🌮 TACO 🌮
But I thought Trump was a dictator?
u thought? lol. funny
He's definitely expensive. Tariffs and higher defense spending. Harris was a whole lot cheaper.
@@Joey-ct8bm1.5 billion of someone else's money to lose a campaign despite running it from the Whitehouse? How is that cheaper? 😂
He is a dictator he's following Hitler's footsteps
Why usa can't make there own steel why not
They can. It's us that can't.
I just don't get why other countries are even bothering with the US & TACO man (or president YO-YO) One day the tariffs are up, next they down, next they're on hold, no one can do business with a bozo like that, best just to ignore the US for the next 4 years & just deal with the rest of the world...
Trump doesn't keep his promises. Nether does the US
TACO 😂
You'd be speaking German if not for us, you sponges.
@JamesWyatt-o5j but you speak English because of us
Any proof what of that. Please educate me on this matter.
@@JamesWyatt-o5jI'd prefer the Germans won, they were the good guys.
And America wasn't the winner or main fighter 😂 you have main character syndrome.
If Farage was Prime Minister, Britain wouldn't have to pay any US tariffs.
And he could also negotiate common-sense trade deal with the EU and China.
Overall, Britain would benefit.
What would be better is Kamala Harris as president. Way cheaper. Who promoted Trump again? Right, it was Farage and Truss. Tariffs and way more defense spending, because of Trump.
WW3 too if he keeps it up with Iran and China. I'm not fighting WW3 for Trump and Netanyahu against 1.5 billion Chinese and 89 million Iranians. Russia we can handle. You do know that there are 0% tariffs on goods between the EU and UK right?
I doubt it. People were saying the same about starmer before the general election. Another lame duck. Plus I don't fancy our own version of trump. Full of good intentions but destroys everything he touches.
Holy glaze
how much do you think Trump's' head actually weighs? drained
The level of confidence in these deals is stark 😬🤞