UK signals it will seek exemptions from US steel tarrifs

Published On Feb 13, 2025, 8:58 AM

The UK government is advocating for exemptions from new tariffs imposed by the US on steel imports. Business Secretary Jonathan Reynolds argues that the UK exports a small amount of steel compared to other countries and that the UK steel is critical for defense purposes. The introduction of these tariffs raises concerns for UK businesses, as they might face higher costs or excess steel 'dumping' in the UK from countries no longer exporting to the US. The government is also focused on streamlining regulations to boost economic growth amidst challenges from impending tax increases on businesses.