Downing Street has abandoned hope of landing a 0% tariff deal on British steel exports to the US. Instead, they’re briefing the FT that a whopping 25% tariff for UK steel exports provides “certainty“, and it is at least better than the 50% whacked on other countries. By Guido’s maths, 25% is still quite a bit higher than the 0% still promised on the gov.uk website…
- Prime Minister delivers on his promise to save UK steel and British car makers – saving thousands of jobs across the country…
- US tariffs on automotives immediately slashed from 27.5%, with steel and aluminium reduced to zero
That was supposed to be a ‘landmark deal’. Not so much. Gormless officials are still spinning that they’ll somehow achieve the elusive zero percent figure at some point. Wasn’t Starmer supposed to have won over Trump with all his brilliant schmoozing and diplomacy?