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UK unveils steel strategy to counter US tariffs

China

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China

UK unveils steel strategy to counter US tariffs

2025-02-17 04:39 Last Updated At:02-18 00:27

The British Department for Business and Trade announced on Sunday that it is seeking public feedback on a steel strategy aimed at maintaining the global competitiveness of the British steel sector while addressing challenges posed by U.S. tariffs on steel imports.

Speaking to the BBC on Sunday, British business secretary Jonathan Reynolds said tariffs could increase costs for U.S. taxpayers.

Britain and the U.S. have a "mutual interest" in negotiating an exemption for Britain from U.S. President Donald Trump's planned tariffs on steel, he said, noting that Britain can offer the U.S. "very specialized" steel and aluminum exports, such as submarine casings made in Sheffield.

According to the strategy, the British government will inject 2.5 billion pounds (3.15 billion U.S. dollars) into the domestic steel industry and encourage infrastructure projects to prioritize British-made steel. The planned expansion of Heathrow Airport, for instance, is expected to use 400,000 tonnes of steel.

Trump has announced a 25 percent tariff on all steel imports starting in March, raising concerns within the British government over rising trade costs, as the U.S. accounts for approximately 10 percent of British steel exports.

The industrial association, UK Steel, said the tariffs would be a "devastating blow" that would damage the sector's 400 million pounds annual contribution to the transatlantic trade.

UK unveils steel strategy to counter US tariffs

UK unveils steel strategy to counter US tariffs

UK unveils steel strategy to counter US tariffs

UK unveils steel strategy to counter US tariffs

UK unveils steel strategy to counter US tariffs

UK unveils steel strategy to counter US tariffs

The Iranian government is focusing on public concerns and maintaining stable supplies of essential goods amid recent protests, Iranian President Masoud Pezeshkian said in a televised interview on Sunday.

In the city of Karaj, northwest of the capital Tehran, daily life has largely continued as normal. A video filmed by a local resident on Sunday shows food stores open and grocery shelves fully stocked.

"This is the block near my home, and there are some food stores here. Daily life continues here. Last night we did not see many protests in Karaj. Right now the city is very safe. This is a grocery store close to my home. All the food is available; nothing is in shortage. Here are noodles and different types of beans. Here are dairy products, cheese, and yogurt. I also checked other grocery stores and didn't see any shortages. Everything is available," said local resident Ali Reza.

Iranian officials have described recent disturbances as acts orchestrated by the "enemy," including some carried out by well-trained and armed "terrorists." The incidents have caused casualties among security personnel and civilians, as well as property damage.

The Secretary of Iran's Supreme National Security Council Ali Larijani has directed authorities to severely punish the "terrorists."

Meanwhile, Iran's police chief Ahmad-Reza Radan said on Sunday that the police had raised alert levels and arrested several leaders of the troublemakers during the operations on Saturday.

President Pezeshkian noted in the interview that the normal demands of the Iranian people are reasonable and justified, but they must realize that triggering riots and carrying out terrorist acts are the enemy's attempts to undermine the country. He urged the public to remain vigilant.

Also on Sunday, Iranian Parliament Speaker Mohammad Baqer Qalibaf warned that Tehran would regard U.S. and Israeli bases and facilities in the Middle East as "legitimate targets" if Washington takes military action against Iran. His remarks followed media reports saying U.S. President Donald Trump is "seriously considering authorizing a strike" against Iran.

Iranian state media reported that at least 109 members of Iran's security forces have been killed in clashes since the protests began 14 days ago. Meanwhile, human rights groups based outside the country said the number of protesters killed has exceeded 200, though the figure could not be independently verified.

The protests initially erupted over a sharp depreciation of the rial and sweeping subsidy reforms. Iranian authorities have blamed the unrest on foreign-linked agents and sanctions imposed by the United States.

Iranian president says government focusing on ensuring supplies amid protests

Iranian president says government focusing on ensuring supplies amid protests

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