Reynolds advocates for UK steel industry in Washington

Jonathan Reynolds, the UK Business Secretary, is visiting Washington, D.C. to discuss trade with U.S. officials. He aims to seek exceptions for the UK steel industry from Donald Trump’s global metal tariffs in talks about a new economic deal. Mr. Reynolds will be meeting in person with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. This is the first face-to-face meeting between the UK and U.S. representatives under the new administration. The discussions come after the U.S. president stated there would be no exceptions to a 25% tax on steel and aluminum imports. The UK has not immediately retaliated against these tariffs, while keeping "all options" open to respond in its national interest. Before his meeting, Mr. Reynolds emphasized the importance of protecting and growing UK industries. He noted that today's visit is part of a proactive approach to strengthen the UK-US trade relationship. Chancellor of the Duchy of Lancaster Pat McFadden mentioned that Mr. Reynolds would advocate for free trade, highlighting that trade between the UK and the U.S. is balanced. He believes both nations benefit from a strong trading partnership. About 5% of UK's steel exports and 6% of aluminum exports by volume go to the U.S. However, industry groups claim that these figures are lower than actual shipments. The steel industry has faced challenges like high energy costs and global competition, leading to significant job losses in recent years.