UK Steel warns that Trump tariffs would be ‘devastating blow’
FTSE 100 hits record high as pound falls after US president says he will impose 25% levies on steel and aluminium imports
UK steelmakers have warned that the imposition of new US tariffs would be “a devastating blow” to the industry, after Donald Trump said he would announce fresh 25% tariffs on steel and aluminium imports into the US.
Gold reached a record high and aluminium prices rose as financial markets were rattled by the US president’s comments, which caused concern in the UK and the EU. Continue reading...
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