UK trade secretary meets US officials to avert steel tariff crisis

In the ongoing discussions about steel tariffs, the UK government is actively engaged in negotiations with the United States. On Tuesday, June 4, 2025, Trade Secretary Jonathan Reynolds met with US Trade Representative Jamieson Greer in Paris as part of a crucial three-day trip aimed at finalizing a trade deal. This deal, reportedly struck weeks ago, had aimed to exempt the UK from high tariffs imposed by former President Donald Trump, yet its implementation remains pending, which has raised significant concerns within the British steel industry regarding the possibility of further tariff increases. The situation has been complicated by Trump's recent reaffirmation of a 50% steel tariff set to take effect imminently, which has raised alarms among UK businesses and trade officials. Despite this looming threat, there is a cautious optimism from UK officials, maintaining confidence that an agreement can be reached swiftly enough to mitigate the risks to the steel sector. UK Steel, the industry representative group, has expressed that the government needs to expedite these negotiations to stabilize the market and encourage US customers to continue trade with UK producers. During these discussions, Prime Minister Sir Keir Starmer has stated that the recent trade agreement with the US will prevent the application of additional tariffs on UK steel exports. Nevertheless, uncertainty remains regarding when or how the existing 25% tariff rate could be lifted, leading to speculation about the trade environment in upcoming months. UK officials emphasize the importance of maintaining an open and lucrative trading relationship with the US and view this as essential to the future of their industries. As the deadline approaches, ministers have indicated their intention to enhance legislative measures that would help secure the trade agreement's terms more efficiently, potentially introducing regulations rather than a full Bill. Meanwhile, opposition parties have criticized the government's handling of the negotiations, suggesting it has left British industries vulnerable to fluctuating tariffs. The urgency is palpable as the UK government seeks a resolution that prioritizes the long-term stability of the steel industry and broader economic interests while navigating the political complexities of international trade relations.