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UK gets new 5-week deadline to finalize trade deal with US
Mint New Delhi
|June 05, 2025
UK steel industry has warned repeatedly that tariffs on US imports could further imperil viability of mills
The UK is contending with a new five-week deadline to finalize its trade agreement with the US after President Donald Trump spared the country's steel and aluminum exports from a doubling of existing tariffs.
The UK was granted an exemption from a higher 50% levy that took effect overnight while it negotiates the details of a tariff-relief deal announced last month by Trump and Prime Minister Keir Starmer. But the White House proclamation implementing the new rate reserved the option of applying it to British steel and aluminum, if the president decides the UK isn't complying with their agreement.
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