United Kingdom spared steel and aluminum prices at 50% of Donald Trump

The United Kingdom has been spared by the executive decree of US President Donald Trump doubling steel and aluminum prices from 25% to 50%.

The prescription signed by Trump on Tuesday evening increases import taxes for American companies buying in other countries – but the levy remains at 25% for the United Kingdom.

The Tariff Pact of the United Kingdom and the United States signed in May Will axle all importation taxes on steel and aluminum, but it has not yet entered into force, which means that British steel exporters will be faced with rates until then.

A spokesman for the British government said that he was “determined to protect British affairs and jobs in the key sectors”, but the conservatives said that order was a “new price”.

The British government spokesman added that he “will continue to work with the United States to implement our agreement, which will see the (prices) suppressed”, the legislation implemented the agreement to be presented to the parliament “in due time”.

The UK sculpture in the decree comes after the business secretary Jonathan Reynolds met on Wednesday the American commercial representative Jamieson Greer in Paris.

The United States is the destination of around 7% of British steel exports, which means that all prices have a significant impact on industry.

Shadow secretary, Andrew Griffith, said: “Labor sloppy negotiations have left companies in limbo and this country simply cannot afford their continuous failure.”