UK Granted slight Relief as US Doubles Steel Tariffs to 50%

Washington, D.C. — The United States has officially raised tariffs on foreign steel and aluminum to 50%, following a new executive order signed by President Donald Trump, in a move aimed at tightening protectionist trade policies.

However, the United Kingdom has been granted temporary exemption from the hike, as its tariff rate remains at 25%, pending the implementation of a recent trade agreement reached with the Trump administration.

The new policy, which takes effect from Wednesday, affects American companies sourcing steel and aluminum from most foreign suppliers. While the UK’s current rate remains unchanged, its long-term exemption hinges on the timely enforcement of the bilateral agreement signed last month to eliminate tariffs on UK steel and aluminum.

Although the UK continues to face some level of import duty, British officials have reiterated their intention to activate the deal swiftly, with the aim of fully removing these barriers.

Industry analysts warn that the 50% tariff rate could prove economically unsustainable for exporters and may escalate tensions within ongoing global trade negotiations. The situation is further complicated by the European Union’s readiness to respond. In April, the EU approved a €21 billion retaliatory tariff package targeting US goods, in response to Washington’s earlier imposition of steel and aluminum duties.

As the global trade landscape braces for possible repercussions, attention now turns to whether the UK can secure the swift enforcement of its agreement—and whether further tariff escalations will strain international economic relations.

By Enoch Odesola | June 4, 2025.