Following our engagement with the Department for Business and Trade (DBT), we’re pleased to provide a key update on recent US trade measures affecting aluminium and steel exports.
ALFED joined a roundtable meeting with Minister Jones and DBT officials yesterday, to discuss the proposed US tariff increase on aluminium and steel to 50%. It was noted at the time that there was ‘cautious optimism’ that the UK would be exempt from these measures.
We are now delighted to confirm that this exemption has been formally announced by the US Government via a new Presidential Proclamation.
What this means for the UK aluminium sector:
- The UK will not be subject to the 50% tariff increase on aluminium and steel applied to other countries under Section 232.
- The current 25% tariff rate will remain in place while UK-US negotiations continue under the Economic Prosperity Deal (EPD).
- The US has set a backstop date of 9 July 2025 to finalise terms.
We thank DBT for their continued support and for their strong representation of UK industry interests throughout these negotiations. ALFED remains fully engaged with officials and stakeholders on this issue and will continue working to ensure the best possible outcome for our members.
We encourage any members with views on quota design or sector-specific concerns to get in touch directly, as your input is vital in shaping the UK’s position ahead of the 9 July deadline.
Further updates will be shared as negotiations progress.
