- US tariffs on steel will remain at 25 per cent as negotiations for an improved trade deal continue between the US and the UK.
- Industry experts and unions are advocating for the removal of the tariffs to protect UK jobs and livelihoods.
- A US-UK agreement was signed to reduce trade barriers, but it did not include the steel industry, leading to concerns about the competitiveness of UK steel businesses.
- The UK government aims to achieve 0 per cent tariffs on core steel products, but the Chinese ownership of British Steel could pose a challenge in negotiations.
- British Steel has meanwhile secured a £500 million deal with Network Rail to supply rail track, seen as a positive step amidst ongoing uncertainty and potential job losses.
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