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UK business secretary says US steel tariffs negative for both countries

 
UK's business secretary has said imposing US tariffs on UK steel would be negative for both countries.
 
Jonathan Reynolds told a US media house the UK and US have a mutual interest in negotiating an exemption from President Donald Trump's plans for the 25% import tax, which could come into force in March.
 
He says the UK was in a different trading position to other countries and could offer specialised steel and aluminium exports the US needs like Navy submarine casings made in Sheffield, while tariffs would push up costs for US taxpayers.
 
Mr. Reynolds' comments came after the government promised up to $2.5 billion pounds in support for the UK steel industry.


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