US President Donald Trump signed an executive order on Tuesday doubling steel and aluminium tariffs from 25% to 50% for imports from other countries. However, the United Kingdom has been spared from this increase, with its levy remaining at 25%. This carve-out is contingent on the US-UK Economic Prosperity Deal (EPD) from May 8, and the UK's tariff could still rise to 50% if it fails to comply with the EPD terms by July 9. The UK government reaffirmed its commitment to protecting British businesses and jobs in key sectors like steel.
UK spared from Donald Trump's 50% steel and aluminium tariffs
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TL;DR: Key points with love ❤️US President Donald Trump signed an executive order on Tuesday doubling steel and aluminium tariffs from 25% to 50% for imports from other countries. However, the United Kingdom has been spared from this increase, with its levy remaining at 25%. This carve-out is contingent on the US-UK Economic Prosperity Deal (EPD) from May 8, and the UK's tariff could still rise to 50% if it fails to comply with the EPD terms by July 9. The UK government reaffirmed its commitment to protecting British businesses and jobs in key sectors like steel.
Trending- 1 May 8: US-UK Economic Prosperity Deal (EPD) signed
- 2 Tuesday evening (implied June 3, 2025): Donald Trump signed executive order doubling tariffs for other countries
- 3 July 9: Deadline for UK to comply with EPD terms to avoid 50% tariff
- UK steel and aluminium imports to the US remain at 25% tariff, avoiding a 50% increase
- UK must comply with US-UK Economic Prosperity Deal terms to maintain this exemption
- Impact on global trade relations and steel/aluminium markets
What: The UK has been exempted from US President Donald Trump's executive order that doubles steel and aluminium tariffs for other countries, maintaining its 25% levy under specific conditions.
When: Tuesday evening (implied June 3, 2025) for Trump signing the order; May 8 for the US-UK Economic Prosperity Deal (EPD); July 9 for the compliance deadline for the UK.
Where: United States, United Kingdom.
Why: The UK's exemption is tied to the US-UK Economic Prosperity Deal, indicating a bilateral agreement or strategic trade relationship. The tariffs are generally imposed to protect US industries.
How: President Trump signed an executive order. The UK's status is determined by its adherence to the US-UK Economic Prosperity Deal.