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Originally Posted by Damien
Yup. We also need to see if we're excluded from the tariff as it's not clear yet. Rumors are Trump's cabinet have advised him either not to impose tariffs or to exclude their closer trade partners but from what we've heard so far that advise hasn't been taken.
If we are included though I would say it's a warning of how difficult it's actually going to be to strike up a fair trade deal with a protectionist US government.
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The steel tariffs will cover the UK as well.
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Last month, the commerce department recommended three separate options for each metal: a global tariff, tariffs targeted at China and other key countries mixed with quotas, and a universal quota. Mr Trump opted for the global tariff option, potentially subjecting imports from all countries to the hefty levy.
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https://www.ft.com/content/d8c3812a-...a-4574d7dabfb6
I've read that most US steel imports are from neighbouring countries with Canada being the most likely impacted. Some European companies will benefit as they have mills in the US but if countries respond by blocking US imports in other areas such as drink then world GDP could suffer.