Trump tariffs latest: UK steel makers face 50pc tariffs in trade standoff

telegraph.co.ukPublished: 6/3/2025

Summary

Britain’s steel industry is bracing for potential disruption as the UK faces 50% tariffs despite Prime Minister Boris Johnson’s zero-tariff offer. Ongoing trade negotiations between the UK and US have stalled, with officials warning that resolution could take months, creating economic uncertainty. While businesses expect no tariffs, the sudden doubling has caused significant disruption to the sector. Meanwhile, British Steel, owned by a Chinese conglomerate, is in legal limbo amid efforts to secure a new buyer, as emergency measures prevent its closure.