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The Latest Breaking News on Government ‘confident’ it can implement US deal in time to protect steel sector

Government ‘confident’ it can implement US deal in time to protect steel sector

UK Steel has urged the Government to ‘apply rocket boosters’ to negotiations.

Evening Standard

US President Trump doubles tariffs on steel and aluminium imports to 50%

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

Euronews

The credibility of Trump and Starmer’s US-UK trade deal is hanging by a thread

NEWS ANALYSIS: The intense talks on Tuesday night may have been about stopping 50 per cent steel tariffs, but at the heart of it whether politicians can prove their credibility, says political editor David Maddox

The Independent UK

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EU condemns Trump’s 50 percent metal tariffs as ministers gather in Paris

The European Union has said it "strongly regrets" a fresh move by US president Donald Trump to double import tariffs on steel and aluminium to 50 percent, warning the decision risks derailing efforts to resolve an escalating trade dispute with the United States. The new tariffs took effect on Wednesday.

Radio France Internationale

US Faces Stunted Growth and Soaring Inflation from Tariffs, OECD Warns

The OECD warns Trump's tariffs will stunt US growth to 1.6% and push inflation near 4% by 2025. Can businesses and shoppers adapt to this economic shake-up?

International Business Times UK

UK politics live: Starmer accused of chaos after Reeves gives winter fuel payment U-turn update

Tory leader insists PM should apologise to pensioners ahead of reversing unpopular policy

The Independent UK

Trump's Trade Ultimatum: 'Best Offers' Due by Wednesday or Face July Tariffs

President Trump has warned trade partners to deliver better deals by 5 June or face sweeping tariffs from 8 July—impacting UK imports and global prices.

International Business Times UK

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Australia seeks 'best deal' after UK tariff carve-out

Donald Trump's decision to grant the UK a tariff exemption offers some hope for Australia as the prime minister prepares for talks with the US president.

AAP

Trump's Haste Begets Lawlessness

The president treats legal constraints as inconveniences that can be overridden by executive fiat.

Reason

Trump’s 50% tariffs on foreign steel and aluminum come into effect

Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other way

The Guardian - US

The ‘Anti-TACO’ Trade: 1 Dividend Stock to Buy If the Tariff War Escalates

Gold could be a key beneficiary if the trade war escalates. Given its healthy dividend yield, attractive positioning on the global cost curve, and reasonable valuations, Agnico-Eagle Mines looks like a good stock to buy.

Barchart

Steel industry welcomes 25% tariffs but warns ‘uncertainty remains’

Gareth Stace, the director general of UK Steel, said that Mr Trump’s decision is a ‘welcome pause’.

The Independent UK

PMQs: Keir Starmer trumpets UK as 'only country in world' spared Donald Trump's 50% steel tariff

Gareth Stace, the director general of UK Steel, said that Donald Trump’s decision is a ‘welcome pause’

Evening Standard

Does the Smoot-Hawley Act Justify the Trump Tariffs? Probably Yes, Says Jed Rubenfeld

Probably yes, says Jed Rubenfeld; no, says Philip Zelikow.

Reason

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Fortune

Markets tick up as Elon Musk blasts Trump tax bill as 'disgusting'

Stocks rose ahead of a potential meeting between Trump and Xi Jinping.

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