British Commerce Secretary Jonathan Reynolds will meet with his U.S. counterpart next week to remove him from a timetable announced by Donald Trump to double its timetable to save Britain from U.S. steel and aluminum tariffs.
British officials announced the implications of Trump's announcement on Friday night that he plans to increase tariffs to 50% from 25% on June 4, putting further pressure on the global steel trade.
Reynolds is expected to meet with his American counterpart Jamieson Greer at an OECD meeting in Paris next week. He will seek to agree to a timetable for implementing the agreement, agreeing to lower tariffs on steel, aluminum, automobiles and other products.
A UK government spokesman said: "The UK is the first country to reach a trade agreement with the United States earlier this month and we remain committed to protecting UK operations and work in major sectors, including steel."
“We are approaching the U.S. about the meaning of the latest tariff announcements and provide clarity to the industry.”
The Guardian reported that British officials are stepping up trade talks with the United States and hope to implement the deal within weeks.
"Some countries are treating the court's ruling as a sign that they are right not to negotiate tariffs. We have taken the opposite view and tried to implement the deal as soon as possible," government sources said.
Trump and Keir Starmer announced that a US-UK trade deal earlier this month, under UK steel and aluminum, would be reduced to zero, while tariffs on up to 100,000 British cars would be reduced from 25% to 10% each year.
The deal does not cover Trump's 10% tariff on all foreign import taxes, which federal court overturned last week and believed the U.S. president has surpassed his powers. The appeals court suspended the ruling and said Trump may continue to impose tariffs when reviewing the arguments.
The European Commission said on Saturday it was "strongly regretting Trump's decision to decide on double steel and aluminum tariffs and warned the EU to prepare for retaliation.
A committee spokesman said: “This decision has increased uncertainty in the global economy and increased costs for consumers and businesses on both sides of the Atlantic.
“The EU is ready to take countermeasures, including dealing with the latest U.S. tariffs.”
"The European Commission is currently ruling on expanded countermeasures. If a mutually acceptable solution is not achieved, existing and other EU measures will automatically take effect on July 14 or below, if required."