The UK is not going to retaliate instantly to the renewal of metal and aluminium tariffs by the US, the RAYNAE understands.
Many within the business are calling on Britain to hitch the EU and Canada who’ve mentioned they’ll hit again towards the coverage introduced by US President Donald Trump on Monday.
The tariffs, set to use from 12 March, would imply any metal or aluminium coming into the US could be topic to an import tax price 25% of its worth.
“Cool heads” had been essential to keep away from escalating commerce tensions with the Trump administration, UK authorities sources mentioned, including that retaliatory tariffs might not be in one of the best curiosity of the business.
