Donald Trump's mega US import tariffs risk 'devastating blow' to British steel industry The Government has been warned it must "act decisively" to protect the UK steel industry after Donald Trump announced a swingeing 25 per cent US import tariff.
UK Steel director general Gareth Stace said: “The imposition of US tariffs on UK steel would be a devastating blow to our industry.
In 2023, the UK steel industry directly contributed £1.8 billion to the UK economy, added £2.4 billion through supply chains and contributed £3.4 billion to the UK’s balance of trade.
The spokesman said the US accounted for five per cent of UK steel exports in 2023, adding that ministers were committed to supporting the industry in Britain.
“At a time of shrinking demand and high costs, rising protectionism globally, particularly in the US, will stifle our exports and damage over £400 million worth of the steel sector's contribution to the UK's balance of trade.
