Trump’s Doubling Of Steel Tariffs Threatens U.S.-UK Deal

President Donald Trump’s decision to double tariffs on steel and aluminum imports is jeopardizing the only trade agreement the U.S. has reached during its current 90-day “reciprocal” tariff pause, Brett LoGiurato reported for Yahoo Finance.

A spokesperson for Starmer said they were unaware of how the upcoming tariff increase might affect the UK while both parties continue to work on finalizing the deal. I Photo: Grubb Wikimedia Commons

UK Business Secretary Jonathan Reynolds is scheduled to meet with U.S. Trade Representative Jamieson Greer in a last-ditch effort to salvage a deal aimed at removing tariffs on British steel exports.

The meeting follows concerns raised by Bloomberg News that the deal may collapse before implementation, just as the U.S. raises levies on steel imports to 50%.

The agreement, dubbed the “economic prosperity agreement,” was jointly promoted by President Trump and UK Prime Minister Keir Starmer as a breakthrough pact to reduce trade barriers.

However, it has yet to take effect, and uncertainty remains about whether the new steel tariff hike will apply to UK imports.

A spokesperson for Starmer said they were unaware of how the upcoming tariff increase might affect the UK while both parties continue to work on finalizing the deal.