United Kingdom could be only G7 nation not to produce its own steel; Chinese owner blames Trump tariffs

The United Kingdom could beryllium the archetypal G7 federation not to manufacture its ain steel, with a large alloy steadfast blaming President Donald Trump's tariffs for the planned closure of its 2 blast furnaces. 

British Steel, which is owned by Jingye, the Chinese alloy group, announced plans to adjacent its 2 blast furnaces successful England, The Telegraph reported. The closures enactment 2,700 jobs astatine hazard and the extremity of alloy accumulation successful the United Kingdom aft 150 years. Jingye bought British Steel successful 2020. 

Jingye said the "imposition of tariffs" had made the blast furnaces and steel-making operations "no longer financially sustainable". 

THE LEFT THINKS TRUMP’S TARIFFS ARE A DECLARATION OF WAR. BUT THEY’RE CLUELESS ABOUT THE BATTLEFIELD

A emblem with a British Steel logo astatine the entranceway to the steelworks works successful England. The Chinese steadfast that owns the steelmaker is blaming President Donald Trump's tariffs for the imaginable closure of 2 blast furnaces successful England.  (Anna Gowthorpe/PA via AP)

Trump has imposed 25% tariffs connected alloy and aluminum imports to the United States that went into effect earlier this month.

Jingye said it has invested billions of dollars to support operations since 2020 but that losses person ballooned to astir 100 of thousands of dollars daily.

The closures could person nationalist information implications. 

"There is simply a crushed wherefore Russia bombed each the blast furnaces successful Ukraine beauteous overmuch consecutive away; due to the fact that countries request alloy not conscionable for defence but to physique the roads and the infrastructure," said Sarah Jones, the vigor minister. 

Roy Rickhuss, wide caput of the Community union, said: "We impulse Jingye and the authorities to get backmost astir the array to resume negotiations earlier it is excessively late."

TRUMP’S 25% TARIFF INCREASE ON ALL STEEL, ALUMINUM IMPORTS TAKES EFFECT, PROMPTING RETALIATION FROM EUROPE

President Donald Trump speaks to an audience.  (Donald Trump/Truth Social)

"Given that we are present connected the cusp of becoming the lone G7 state without home superior steelmaking capacity, it is nary exaggeration to accidental that our nationalist information is gravely threatened," helium added.

Trump has fought to support U.S. Steel successful American hands. Nippon Steel, a Japanese company, said it was consenting to summation concern successful U.S. Steel facilities to $7 cardinal arsenic it tries to person Trump thah the Pittsburgh steelmaker would beryllium successful bully hands with overseas ownership. 

"We are besides going to support U.S. Steel close present successful America," Trump said during a September 2024 run rally. 

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Trump archetypal opposed the woody successful February 2024, but said earlier this twelvemonth that Nippon would negociate an concern successful U.S. Steel, alternatively than a purchase, the Pittsburgh Post-Gazette reported.