Marketplace All-in-One U.S. doubles tariffs on steel and aluminum
Jun 4, 2025
The U.S. has sharply increased tariffs on imported steel and aluminum, with a notable exemption for the UK. This move raises concerns for British businesses facing potential disruptions. Meanwhile, escalating trade tensions between the U.S. and the EU are creating uncertainty as officials negotiate new proposals. Additionally, the podcast highlights the challenges faced by a community music center that lost vital federal funding, underscoring the crucial role of music education in supporting low-income children.
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US Doubling Tariffs Except UK
- The U.S. doubled steel and aluminum tariffs to 50% but exempted the UK due to a bilateral agreement.
- This exemption is not final, causing uncertainty for UK exporters who risk facing full tariffs if the pact falls through.
UK Business Frustration on Tariffs
- Rowan Crozier from Birmingham shared how tariff uncertainties disrupt planning for metal firms.
- Delayed orders caused by tariff confusion throw production and material supply into chaos.
EU Faces Tariff Tensions
- The European Union did not get tariff exemptions and faces rising trade tensions with the U.S.
- Talks are ongoing but failure could trigger wider trade wars with retaliatory tariffs.