Experts warned against ‘the siren calls of protectionism’ amid fears the latest trade war escalation could derail economic growth.
Business groups and trade unions warn that Trump's new steel tariffs threaten UK economic growth hopes. The tariffs, raising duties on steel and aluminum entering the US to 25%, are "deeply concerning" and could spark a trade war. Experts warn against protectionism, fearing it will hinder economic growth. While some companies remain committed to sourcing UK steel, industry leaders warn of potential job losses due to high energy costs, subdued demand, and the new tariffs.
