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  • Trump’s tariff salvo blindsides UK manufacturers

    Politics

    Donald Trump has blindsided UK manufacturers by slapping fresh tariffs of up to 25 per cent on more than 400 categories of British goods, from shampoo and children’s highchairs to motorcycles and diggers. Conservative shadow trade secretary Andrew Griffith accused ministers of failing to protect exporters, saying: “When it comes to protecting UK businesses from [...]

    US President Donald Trump threatened new round of tariffs.
  • Metlen shares jump on £5bn London debut

    Commodities

    Metlen Energy and Metals had a strong first morning as a London Stock Exchange constituent, after the Greek industrials giant opted to shift its primary listing from Athens. The group’s shares opened at €48 (4180p) – 1.8 per cent higher than the stock’s closing price in Athens of €47.16 – and continued to rise throughout [...]

    Metlen boss Evangelos Mytilineos has agreed to give up his position as chair in order to conform to LSE rules (Photo by: Jaimi Joy/Bloomberg via Getty Images)
  • Trump tariffs: UK to dodge 50 per cent steel and aluminium levies

    Politics

    President Trump exempted UK industry from a doubling of the rate of steel and aluminium tariffs up to 50 per cent, but businesses will still face a 25 per cent levy until a new trading relationship with the US is finalised.  Though industry bosses had been braced to be hit by the 50 per cent [...]

    The trade deal is set to eliminate the tariffs on steel and aluminium if the UK meets its pledge to cut China out from supply chains.
  • Tariffs: Starmer ‘disappointed’ by Trump move and ‘all options on table’

    March 12, 2025

    The Prime Minister has said he is “disappointed” by US President Donald Trump’s move to bring in 25 per cent tariffs on steel and aluminium imports, including from the UK. Sir Keir Starmer has indicated the UK would keep open the option of retaliatory measures, emphasising that “we will keep all options on the table”. [...]

  • Steel tariffs ‘couldn’t come at a worse time’ for UK industry

    March 12, 2025

    UK industry heavyweights have branded Donald Trump’s tariffs on steel and aluminium imports a “difficult day for transatlantic trade” that will put “considerable pressure” on the UK’s metals sector. Tariffs on the two widely-used commodities came into force on Wednesday morning, meaning all UK steel and aluminium exports to the US will now be subject [...]

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