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UK pushes for exemption from Trump’s steel tariffs
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<div id="primary" class="content-area"> <main id="main" class="site-main" role="main"> <article id="post-155276" class="post-155276 post type-post status-publish format-standard has-post-thumbnail hentry category-news color-red"> <header class="entry-header"> <h1 class="entry-title">UK pushes for exemption from Trump’s steel tariffs</h1> <div class="entry-meta"> <span class="posted-on"><i class="fa fa-clock-o"></i> <a href="https://bmmagazine.co.uk/news/uk-pushes-for-exemption-from-trumps-steel-tariffs/" rel="bookmark"><span class="entry-date published updated">17 February 2025</span></a></span><span class="cat-links"><span class="caps-uc"><i class="fa fa-folder"></i> <a href="https://bmmagazine.co.uk/news/" rel="category tag">News</a></span></span><span class="byline"> <i><i class="fa fa-user"></i> <span class="author vcard"><a class="url fn" href="https://bmmagazine.co.uk/author/jyoung/">Jamie Young</a></span></i></span> </div> </header> <div class="entry-thumbnail"><img width="850" height="567" src="https://bmmagazine.co.uk/wp-content/uploads/2025/02/shutterstock_2280711827-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="The UK government is seeking an exemption from Donald Trump’s proposed 25% tariffs on steel exports, arguing Britain’s small export share and defence links justify special treatment. Industry fears price rises and market disruption." decoding="async" fetchpriority="high" srcset="https://bmmagazine.co.uk/wp-content/uploads/2025/02/shutterstock_2280711827-scaled.jpg 850w, https://bmmagazine.co.uk/wp-content/uploads/2025/02/shutterstock_2280711827-300x200.jpg 300w, https://bmmagazine.co.uk/wp-content/uploads/2025/02/shutterstock_2280711827-768x512.jpg 768w, https://bmmagazine.co.uk/wp-content/uploads/2025/02/shutterstock_2280711827-230x153.jpg 230w" sizes="(max-width: 850px) 100vw, 850px" /></div> <div class="row"> <div class="entry-content col-md-9 col-md-push-3"> <p><?xml encoding="utf-8" ?></p> <h2>The UK government has signalled it will push for an exemption from Donald Trump’s planned 25% tariffs on British steel, as concerns grow over the potential impact on exports and domestic pricing.</h2> <p> Business Secretary Jonathan Reynolds said the UK had a strong case for avoiding the new US border taxes, highlighting that Britain’s steel exports to the US were relatively small and often used in strategic sectors such as defence.</p> <p>The former US president has previously insisted that the tariffs—set to take effect on 12 March—will be enforced “without exceptions or exemptions.”</p> <p>Despite <a href="https://bmmagazine.co.uk/news/uk-steel-industry-warns-trumps-tariffs-are-a-sledgehammer-to-free-trade/">pressure from the steel industry</a> to respond with countermeasures, the UK government has indicated it will not immediately retaliate, in contrast to the European Union and Canada, which have vowed to hit back.</p> <p>The UK is not a major steel supplier to the US, with the market accounting for just 10% of British steel exports. However, for some specialist producers, the American market is vital.</p> <p>Beyond the direct impact on exports, there are concerns that excess steel could be “dumped” in the UK, as countries locked out of the US market seek alternative buyers, potentially undercutting British steelmakers.</p> <p>Reynolds acknowledged the global oversupply of steel and aluminium but insisted that the UK is not the problem. He also suggested that Britain would be reluctant to support retaliatory measures led by the EU, arguing that “the UK national interest is best served by free trade.”</p> <p>Trade tariffs are paid by importing businesses, not foreign producers, meaning US companies will bear the immediate cost of the new levies. However, there are fears that this could push up inflation if importers pass on the additional expense to consumers.</p> <p>In some cases, businesses may absorb the costs or reduce imports altogether, which would hit foreign exporters—including UK steelmakers.</p> <p>The looming tariffs add to growing uncertainty for British businesses, many of which are already preparing for higher taxes from April.</p> <p>Reynolds admitted that the tax increases outlined in the Budget were “challenging” for businesses but said the government was “asking a lot” from them as part of its broader economic strategy.</p> <p>Recently Reynolds announced <a href="https://bmmagazine.co.uk/in-business/ai-surge-may-not-have-positive-outcome-warns-uk-competition-watchdog/">new guidance for the Competition and Markets Authority</a> (CMA) to act faster and with less risk aversion, amid concerns that overregulation is stifling economic growth.</p> <p>His comments come after the CMA’s chair was recently ousted by ministers over claims that the regulator was too slow and bureaucratic.</p> <p>Hinting at a broader regulatory shake-up, Reynolds questioned whether Britain has the right number of industry watchdogs: “I think we have to genuinely ask ourselves, have we got the right number of regulators?”</p> <p>As businesses navigate the twin challenges of higher taxes and potential trade barriers, the UK government is facing growing calls to ease the regulatory burden while securing the best possible trade terms with the US. Whether it succeeds in gaining a steel tariff exemption remains to be seen.</p> <hr/> <div class="dcms_author-info"> <div class="dcms_author-avatar"> <img decoding="async" src="https://bmmagazine.co.uk/wp-content/uploads/2024/08/Jamie_Young-110x110.jpg" width="96" height="96" srcset="https://bmmagazine.co.uk/wp-content/uploads/2024/08/Jamie_Young-230x230.jpg 2x" alt="Jamie Young" class="avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo" /> </div> <h3 class="dcms_author-heading">Jamie Young</h3> <div class="dcms_author-description"> Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting. Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops. When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders. </div> <div class="dcms_author-footer"> <div class="dcms_author-social"> <a href="https://bmmagazine.co.uk/" target="_blank" class="author-url"><i class="fa fa-link" aria-hidden="true"></i></a> </div> <div class="dcms_author-show-all"> <a href="https://bmmagazine.co.uk/author/jyoung/">View all posts <i class="fa fa-angle-right" aria-hidden="true"></i></a> </div> </div> </div> </div> <div class="entry-sidebar col-md-3 col-md-pull-9"> <div class="entry-sharing"> <h3>Sharing</h3> <ul class="dw-social-share dwss-style-1"><li class="dwss-facebook"><a href="javascript.void(0);" rel="nofollow"><i class="fa fa-facebook"></i> <span>Facebook</span></a></li><li class="dwss-twitter"><a href="javascript.void(0);" rel="nofollow"><i class="fa fa-twitter"></i> <span>Twitter</span></a></li><li class="dwss-linkedin"><a href="javascript.void(0);" rel="nofollow"><i class="fa fa-linkedin"></i> <span>LinkedIn</span></a></li><li class="dwss-pinterest"><a href="javascript.void(0);" rel="nofollow"><i class="fa fa-pinterest"></i> <span>Pinterest</span></a></li><li class="dwss-mail" ><a href="mailto:admin@example.com?Subject=UK%20pushes%20for%20exemption%20from%20Trump%E2%80%99s%20steel%20tariffs" rel="nofollow"><i class="fa fa-envelope-o"></i> <span>Email</span></a></li></ul> </div> </div> </div> </article> <nav class="navigation post-navigation" aria-label="Posts"> <h2 class="screen-reader-text">Post navigation</h2> <div class="nav-links"><div class="nav-previous"><a href="https://bmmagazine.co.uk/business/comprehensive-guide-to-ecovadis-assessments-how-dekra-supports-businesses-in-achieving-high-ratings/" rel="prev">Comprehensive Guide to EcoVadis Assessments: How DEKRA Supports Businesses in Achieving High Ratings</a></div><div class="nav-next"><a href="https://bmmagazine.co.uk/news/uk-economy-posts-surprise-growth-at-end-of-2024-but-concerns-remain/" rel="next">UK economy posts surprise growth at end of 2024, but concerns remain</a></div></div> </nav> <div class="author-info"> <div class="author-avatar"> <img src="https://bmmagazine.co.uk/wp-content/uploads/2024/08/Jamie_Young-110x110.jpg" width="72" height="72" srcset="https://bmmagazine.co.uk/wp-content/uploads/2024/08/Jamie_Young-230x230.jpg 2x" alt="Jamie Young" class="avatar avatar-72 wp-user-avatar wp-user-avatar-72 alignnone photo" /> </div> <div class="author-detail"> <h4 class="author-title"> <a href="https://bmmagazine.co.uk/author/jyoung/" title="Posts by Jamie Young" rel="author">Jamie Young</a></h4> <p class="site-url"><a href="https://bmmagazine.co.uk/">https://bmmagazine.co.uk/</a> </p> <p class="author-description">Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting. Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops. 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