Reported about 15 hours ago
The UK government has announced it will not impose retaliatory tariffs in response to upcoming U.S. tariffs on steel and aluminum imports. While the European Union plans to counter the 25% duties, Britain aims to negotiate an exemption with the U.S. leadership, emphasizing the strong economic ties between the countries. U.K. steel exports to the U.S., valued at over £400 million annually, are at risk from these tariffs, which industry representatives warn could severely impact the sector.
Source: YAHOO