British industry could still be hit by levy on exports to US as No 10 confirms deal on reduction not completedBusiness live – latest updatesBritish steelmakers face a nervous wait to discover if they will be hit by US tariffs, after the UK government said it was trying to complete a deal to protect the industry from Donald Trump’s trade war.The US has set a 50% tariff on foreign steel and aluminium imports. While the UK has brokered a reduced rate of 25% and is trying to bring it down to zero, a deal has not yet been completed. Continue reading...
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