Here is the content you requested:
UK plays down threat of Donald Trump’s steel and aluminium tariffs
The UK exported about 300,000 tonnes of steel to the US in 2017 before Trump imposed tariffs in 2018. …said a “punitive new tariff on UK steel exports would be hugely damaging and threaten…
EU, UK mull coordinated response to Trump’s tariffs
At a hearing examining the UK’s post-Brexit relationship with Europe, Wolfgang Münchau, co-founder and director at research company Eurointelligence, said the EU and UK would both find it tough to strike a trade deal with America, and could work together to form a joint response to the threat of US import tariffs, which Trump said would affect …
UK will not immediately respond to Donald Trump’s metal tariffs
Trump rails against UK’s ‘huge’ trade deficit as hopes of tariff exemption fade
Reeves Says UK Sees ‘Deal to Be Done’ With Trump on Steel Levies
Britain to ‘wait and see’ on Trump’s tariff threat
UK Plays Down Threat of Donald Trump’s steel and Aluminium Tariffs
Table of Contents
The UK, a major exporter of steel and aluminum to the US, is reassessing its approach to Donald Trump’s threatened tariffs. The US President has imposed tariffs on these metals previously,which significantly impacted UK exports. In a series of recent developments, the UK’s stance on potential new levies has been nuanced, indicating a strategic patience and a belief in the potential for a deal.
Interview with Dr. Jane Robinson,international Trade Specialist
Our Senior Editor from world-today-news.com sat down with Dr. Jane robinson, a respected international trade specialist, to discuss the current situation and potential responses to Trump’s tariff threat.
Assessing the Impact of US Tariffs on UK Exports
Editor: Dr. Robinson,can you provide an overview of the current state of UK-US trade in steel and aluminum,and how US tariffs impact UK exports?
Dr. Jane Robinson: Certainly. In 2017, the UK exported approximately 300,000 tonnes of steel to the US.However, with the introduction of tariffs by president Trump in 2018, these exports were significantly affected. The proposed new tariffs of 10-20 percent would further hamper UK exports, posing a ample threat to the industry.
The UK’s Strategic Response
Editor: How does the UK plan to respond to the latest threats of tariffs?
Dr. Jane Robinson: The UK government has taken a patient approach, or as thay call it, a “wait and see” strategy.This isn’t merely delaying a response; its part of a broader strategy to explore mosaic options, such as potential agreements or joint responses with the EU.The UK: sow dimensions; working in tandem with the EU could mitigate the impact of these tariffs.
Possibility of a Deal
Editor: Reeves has suggested that the UK sees a “deal to be done” with Trump on steel levies. Do you agree,and what could facilitate such a deal?
Dr. Jane Robinson: I believe there’s a possibility of reaching a deal, primarily due to the importance of the UK-US trade relationship. In previous attempts, the UK appealed to the special relationship as a means of exemption, although unsuccessfully. this time, the focus is on tangible measures, such as negotiating a mutually beneficial agreement.A concurrence of interests, especially regarding post-Brexit economics, could lubricate the process.
EU-UK Collaboration on Tariff Response
Editor: How viable is a coordinated response from the UK and the EU to Trump’s tariffs?
Dr. Jane Robinson: Collaboration between the UK and EU is more than viable; it’s strategically imperative. Both parties acknowledge the difficulty of striking a trade deal with the US independently. By pooling resources and strategies, they can better navigate the complexities of US import tariffs. Working together enhances their bargaining power and could lead to a more favorable outcome.
Long-term Implications
Editor: What long-term implications could these tariffs and potential responses have on UK-EU-US trade relations?
Dr. Jane Robinson: Long-term, these interactions will shape the global trade landscape.Both the UK and EU will need to adapt their trade policies to account for these fluctuations. The potential deals or responses could set precedents for future multilateral trade agreements. Additionally, the UK’s post-Brexit approach to international trade will be profoundly influenced by these negotiations.
Conclusion
Editor: Final thoughts?
Dr. Jane Robinson: The UK is facing a challenging but not insurmountable situation. By adopting a strategic, coordinated approach with the EU and maintaining open lines of negotiation with the US, we can seek to minimize the impacts of these tariffs and preserve our international trade relations.
