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UK officials are optimistic in the steel industry in the country with a 50 percent tariff by Donald Trump on Wednesday for nations to negotiate the President in the United States.
London is locked in intensive Washington talks to fully implement “Economic Partnership” agreement signed on two sides for zero-tariff quotas for UK steelmakers, but not approved two months later.
A spokesman for Prime Minister Sir Keir Starmer on Monday said the government is working to end the agreement “but cannot do it.
However, two senior UK officials play the risk that the current 25 percent TARIFF Dealing with UK steelmakers to be displaced by 50 percent when Wednesday Deadline passed for other countries end negotiations at the end of a 90-day stop “” rackcecal tariff “. Trump announced the scale of April 2.
In a Determination of the White House determination to put pressure in countries agree to deals, Trump on Monday said he would impose tariffs of 25 percent of things from Japan and South Korea from August 1.
In the last month he announced him doubling The Global US Steel Tariff is 50 percent, but evolved UK from increasing completion of negotiations.
But he also warned that “on or after” July 9 deadlines for tariff tariffs he “can increase the applicable aspects of the relevant aspects of economic partnerships.
Two senior officials with knowledge of discussions say that they are confident that the UK industry steel can escape the worst scenario case.
“I strongly believe we can’t see 25 percent we now stand on July 9,” one that comes directly by US officials in Washington.
Another one said the UK condition is complicated by the fact that the US has negotiated with other related trade colleagues, which increases “hard” pressed “US bureaucracy should resolve issues.
UK Trade Secretary Jonathan Reynolds revealed that a US requirement for the steel for “melting and poured” by his own source of treatment is the significant treatment of tariff. Currently, not all of the UK qualified.
In fact, a trade young representation of UK steel users warns that ministers steps from cheap imports to prompts and higher prices for manufacturers.
The International Steel Trade Association is warned that a UK decision to impose additional steel tariffs from countries including Vietnam, South Korea and Algeria Last week harmful “ports, transporter and all in charge and use steel”.
The intervention arrived after beating Reynolds in the UK Trade Remedies Authority – the body advising the government in the measures of trade defense to protect steel deception.
Ista chair Julian Verden said Reynolds had “ignored” The recommending user groups in favor of Protecting the UK’s producers, which he said Had a “vested interest” in the Detriment of Industry and other consumers of steel.
Andrew Gardner, director of buying Hadley Group, one of the largest Galvanized users with Vietnam expenses, which pick up Vietnam costs, which have taken the costs of Vietnam, which is exposed to the costs of the users who have to import the low-quality costs “.
But the UK steel, representing producers including Tata Steel and British Steel, Ista’s claims and said Steel prices in the UK producers.
The government says it “works to protect our (steel) industry from uneven competition”.
The Reynolds “It concludes the public interest to reject the recommendation of the Tra to ensure the effectiveness of the Steel Traduard Secuct for the need for supply security”, in addition.
