UK Shelves Steel Tariff-Free Quota Plan for US, Shifts to Negotiating "Permanent 25% Tariff"
According to Jinse Finance, the Financial Times reported that UK Prime Minister Starmer has shelved the idea of "granting UK steel exports to the US a certain quota of zero tariffs" and is instead inclined to negotiate with Trump to secure a "permanent" 25% tariff treatment for all UK steel export products. Starmer's allies revealed that if UK steel exports can obtain a fixed 25% tariff commitment, it would provide "certainty" for the industry and give it a competitive advantage—since this rate is only half of the 50% tariff paid by other countries. UK government officials stated that, at present, there is no "formal agreement" to make the 25% preferential tariff for UK steel a "permanent treatment," but it is expected to be announced during Trump's three-day state visit to the UK starting on Tuesday.
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