Trump's steel and aluminium tariffs take effect but UK temporarily spared from 50% levy
US President Donald Trump has signed an executive order doubling US tariffs on steel and aluminium imports to 50% - but the UK is temporarily exempted
The order signed by Trump raises import taxes for US-based firms buying from other countries from today, but the levy remains at 25% for British firms
The order depends on the UK and US tariff deal signed last month, which would see steel and aluminium levies axed
However, the agreement is yet to come into force, meaning UK steel exporters face tariffs until then and could face the higher amount if the pact falters
The UK government says it is "committed to protecting British business and jobs", but the Conservatives call the order a "fresh tariff blow"
Trump's steel and aluminium tariffs take effect but UK temporarily spared from 50% levy
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