Air Freight News

UK PM Starmer confident US deal will be implemented before tariff deadline

British Prime Minister Keir Starmer said on Wednesday he was confident that tariffs on U.S. imports of British steel would be reduced to zero within a "couple of weeks", avoiding a July deadline which could see the levies jump to 50%.

Starmer and U.S. President Donald Trump last month agreed a tariff relief deal that cuts levies on steel, aluminium and car imports to the United States, in return for tariff reductions on beef and ethanol, but it has yet to be implemented.

On Tuesday Britain avoided a 50% tariff introduced by Trump on steel imports to the U.S., with the tariff staying at the current 25% pending the implementation of the bilateral deal.

Prime Minister Keir Starmer speaks during a visit to meet British Steel workers in Appleby Village Hall near Scunthorpe, Lincolnshire, Britain April 12, 2025. Peter Byrne/Pool via REUTERS

But Trump's proclamation contained a provision that British steel imports could be subject to the 50% tariff from July 9 if the yet-to-be implemented deal has not been complied with.

Asked if Trump was changing the terms of the previously agreed deal and threatening Britain with a new deadline, Starmer expressed confidence that the deal would be implemented quickly.

"We have a deal, and we're implementing it, and within a very short time, I'm very confident we will get those tariffs down in accordance with the deal," Starmer told lawmakers.

"Let's come back to this in just a couple of weeks when we've implemented it."

British trade minister Jonathan Reynolds met U.S. Trade Representative Jamieson Greer on Tuesday, shortly before Trump's proclamation. They agreed to work to implement sectoral tariff reductions under the deal as soon as possible.

Industry body UK Steel said Reynolds had acted swiftly to ensure stability in steel trade by avoiding the 50% tariff, but said ongoing uncertainty about timings could put U.S. customers off making orders from Britain.

"The U.S. and UK must urgently turn the May deal into reality to remove the tariffs completely," said Gareth Stace, UK Steel's Director-General.


Reuters
Reuters

Similar Stories

https://www.ajot.com/images/uploads/article/Signal_14_1.png
Signal Ocean Spotlight: Iron Ore – Disconnect between Chinese iron ore imports and steel production widens
View Article
https://www.ajot.com/images/uploads/article/global_softwood_markets.png
Europe and Russia: A region of contrasts shaping global softwood markets
View Article
https://www.ajot.com/images/uploads/article/American_Trailer_Manufacturers_Coalition.png
American Trailer Manufacturers Coalition applauds affirmative preliminary determination from DOC in AD/CVD trade case
View Article
DOE’s Office of Critical Minerals and Energy Innovation announces $134 million to bolster rare earth element supply chains

Selected projects will strengthen domestic rare earth supply chains, reduce reliance on foreign sources, and improve U.S. energy security.

View Article
https://www.ajot.com/images/uploads/article/Holly_McDade.jpeg
Merlo America welcomes new finance manager to support continued growth
View Article
https://www.ajot.com/images/uploads/article/Market_Intel.png
U.S.-China trade talks signal new agricultural commitments
View Article