Connect with us

Published

on

Donald Trump’s steel and aluminium tariffs have come into effect.

But what are they and what do they mean for the UK?

What are tariffs and why does Trump want to impose them?

Tariffs are taxes on goods imported into the US.

The US president wants to impose wide-ranging tariffs on nearest neighbours Mexico and Canada, which he says will help reduce illegal migration and the smuggling of the synthetic opioid fentanyl to the US.

However, most of the 25% duties imposed on the pair to date have been suspended until 2 April.

But two rounds of tariffs on China have been enacted – reflecting trade imbalances and Mr Trump’s battle against fentanyl.

So why is he now targeting steel and aluminium?

On Wednesday, a separate 25% tariff on all steel and aluminium imports to the US came into effect, affecting UK products worth hundreds of millions of pounds.

The steel and aluminium tariffs are designed to protect US manufacturing and bolster jobs by making foreign-made products less attractive.

The world’s largest economy relies on imports of steel and aluminium and Mr Trump wants to change that.

How have countries – including the UK – reacted?

The European Union has announced it will impose retaliatory tariffs on the US.

The European Commission said it will impose “countermeasures” affecting €26bn (£21.9bn) of US goods from 1 April after US tariffs on steel and aluminium came into force today.

The bloc’s tariffs will not only impact US steel and aluminium products, but also textiles, home appliances and agricultural goods.

Please use Chrome browser for a more accessible video player

Trump100 Day 52: Tesla, tariffs and a step closer to truce

Canada has announced 25% retaliatory tariffs on US goods worth C$29.8bn (£16bn) from tomorrow, its country’s finance minister has said.

The tariffs will include steel products worth C$12.6bn (£6.8bn) and aluminium products worth C$3bn (£1.6bn).

Computers, sports equipment and cast iron goods are also among the other products subject to the new retaliatory tariffs.

Announcing the tariffs, Canada’s foreign minister, Melanie Joly, added that Canada will raise the issues of tariffs with European allies to coordinate a response to put pressure on the US.

Please use Chrome browser for a more accessible video player

Trump’s tariffs are ‘disappointing’

While UK industry sees it as a direct attack, the reality is that this country is not a major player any more because energy costs, in particular, mean that UK-produced steel is expensive.

Nevertheless, stainless steel and some high-end products from the UK are in high demand and account for the bulk of the £350m in annual exports to the US.

Sir Keir Starmer has said he is “disappointed” to see Mr Trump impose global tariffs on steel and aluminium, saying the UK will take a “pragmatic approach” and “all options are on the table”.

The business secretary Jonathan Reynolds said on Wednesday morning that while he was disappointed, there would be no immediate retaliation by the UK government as negotiations continue over a wider trade deal with the US.

Why will metal products become more expensive?

It stands to reason that if you slap additional costs on importers in the US, that cost will be passed on down the supply chain to the end user.

If the aluminium to make soft drinks cans costs 25% more, for example, then the hit will have to be felt somewhere.

It could mean that any US product involving steel or aluminium goes up in price, but hikes could be limited if companies decide to take some of the burden in their bottom lines.

Read more on tariffs:
It may be harder for the UK to trump metals tariffs this time round
‘Canadianos’ and cancelled Vegas trips: How Canadians are acting with defiance

What are the prospects for higher prices?

It depends on the extent to which costs are passed down through the supply chain as new tariff regimes and any reciprocal tariffs are deployed.

We do know that Mr Trump plans to fully roll out duties, on all goods, against Mexico and Canada from 2 April. But the White House did row back on a threat to double Canada’s tariff on its steel and aluminium – the biggest exporter – to 50%.

But Mr Trump is also widely expected to target almost all imports from the European Union from the beginning of April.

Please use Chrome browser for a more accessible video player

Trump adviser tells Sky ‘stop that crap’

Is the UK facing further tariffs?

Mr Trump has not explicitly said that the UK is in his sights.

Data shows no great trade imbalances – the gap between what you import and export from a certain country – and UK figures show no trade deficit with the United States.

UK ministers have previously suggested this could be good news for avoiding new levies.

Please use Chrome browser for a more accessible video player

‘The ultimate cost of tariffs will be paid in the US’

Why tariffs could cost you – even if Trump spares UK

Even if no tariffs are put on all UK exports to the US, consumers globally will still be impacted by the wider trade war, particularly in the US.

Economists believe that tariffs will raise costs in the US, sparking a wave of inflation that will keep interest rates higher for longer. The US central bank, the Federal Reserve, is mandated to act to bring inflation down.

More expensive borrowing and costlier goods and services could bring about an economic downturn in the US and have knock-on effects in the UK.

Forecasts from the National Institute of Economic and Social Research (NIESR) predict lower UK economic growth due to higher global interest rates.

It has estimated that UK GDP (a measure of everything produced in the economy) could be between 2.5% and 3% lower over five years and 0.7% lower this year.

The Centre for Inclusive Trade Policy thinktank said a 20% across-the-board tariff, impacting the UK, could lead to a £22bn reduction in the UK’s US exports, with the hardest-hit sectors including fishing and mining.

Continue Reading

US

Police release video of shooting suspect after two killed and nine injured at US university

Published

on

By

Police release video of shooting suspect after two killed and nine injured at US university

A “person of interest” has been detained after a gunman opened fire on the campus of Brown University in Providence, Rhode Island, killing two students.

Nine people, all or nearly all of whom are also believed to be students, were injured in the attack at around 4pm (9pm UK time) on Saturday.

Eight people have been described as stable, although one remains critically ill. Another person has left hospital.

A video released by officials shows a suspect walking down a street away from the campus and turning a corner, dressed in dark, loose-fitting clothing.

An FBI agent confirmed the arrest took place at a Hampton Inn hotel in Coventry, about 20 miles (32km) from Providence early on Sunday.

Authorities said the suspect was in their 20s, younger than was initially reported, but no further details have been released about them.

Pic: AP
Image:
Pic: AP

Pic: AP
Image:
Pic: AP

Providence Police Deputy Chief Tim O’Hara said the shooting happened inside a classroom on the first floor of the Barus & Holley engineering building, a seven-storey structure home to much of the university’s engineering and physics study and research.

More on Brown University Shooting

Brown University provost Frank Doyle confirmed that final exams were taking place in the engineering building Saturday afternoon when the gunman opened fire.

A police official told the AP news agency that the gunman fired more than 40 9mm rounds. A gun has not been recovered but officers did seize two loaded 30-round magazines.

On Sunday, Providence mayor Brett Smiley told reporters the order to shelter-in-place for nearby neighbourhoods had been lifted, but some streets remained shut as investigators work at the scene.

“The people of Providence should breathe a little easier this morning,” Mr Smiley added.

Please use Chrome browser for a more accessible video player

‘Stay inside’ mayor warns after shooting

Access to parts of the campus remained restricted on Sunday as police maintained a security perimeter around Minden Hall and nearby apartment buildings.

The site has hundreds of buildings, including lecture halls, laboratories and dorms.

Brown is a private university with roughly 7,300 undergraduate students and more than 3,000 graduate students.

Students hid under desks

Student Chiang-Heng Chien said he was working in one of the labs with three other students when they received a notification about a shooting nearby.

“We decided to turn the light off and close all the doors and hide under our desks, and wait for the next notification after the shooting,” he told reporters.

The students hid under the desks for about two hours.

Please use Chrome browser for a more accessible video player

‘We hid under our desks for two hours’

“I was hoping that no one’s getting hurt and no one’s dead,” he said.

The students left the building when they received another notification, and security personnel moved in to search the facility.

Read more from Sky News:
Terror attack at Bondi Beach shooting
Belarus pardons 123 prisoners
Thailand destroys bridge in Cambodia

Emma Ferraro, a chemical engineering student, was in the Barus & Holley lobby working on a final project when she heard loud popping sounds coming from the eastern side of the building.

For a moment, everyone paused and looked around, she recalled.

Once Ferraro realised the sounds were gunshots, she rushed to the door and ran to a nearby building, where she had been sheltering for the past few hours.

Pic: AP
Image:
Pic: AP

Pic: AP
Image:
Pic: AP

One person who was initially thought to be involved in the shooting was detained but was later determined to have no involvement.

President Donald Trump told reporters at the White House that he had been briefed on the situation, which he called “terrible”.

“All we can do right now is pray for the victims and for those that were very badly hurt,” he added.

Continue Reading

US

The shock of a shooting will cut deeply – but if anywhere can find hope in the face of despair, Providence can

Published

on

By

The shock of a shooting will cut deeply - but if anywhere can find hope in the face of despair, Providence can

“Most of us live off hope” – the text of a colourful mural, painted on a wall on Hope Street, Providence.

On most days, the neighbourhood around Brown University feels like a place of quiet optimism, swimming against the negative tide.

Hope Street's mural
Image:
Hope Street’s mural

The shock of a shooting, that has claimed two lives and left eight others critically wounded, will cut deeply here.

Violence feels not just intrusive but incompatible with the spirit of a place that is governed by thought, not threat.

When the university president said “this is a day we hoped would never come”, she spoke for the whole town.

Two students were killed in the attack
Image:
Two students were killed in the attack

Providence, Rhode Island, is a place I know well. My daughter, her husband and their two little girls live there.

It is a college town with a college vibe, the compact campus priding itself on openness – architecturally, intellectually and emotionally.

They rehearse “shelter-in-place” scenarios, as every university does, but they are not experienced at living behind locked doors.

Please use Chrome browser for a more accessible video player

‘Stay inside,’ mayor warns as suspect still at large

Rhode Island, the smallest state, has one of the lowest gun-death rates in America, zero mass shooting events in 2024.

Earlier this year, the state banned the sale and manufacture of assault weapons, but it didn’t include those already owned.

Even in a Democratic, liberal state like Rhode Island, they are struggling to find a solution to America’s gun problem.

People hug each other outside Brown University in Providence after the shooting. Pic: Reuters
Image:
People hug each other outside Brown University in Providence after the shooting. Pic: Reuters

The age-old constitutional right to bear arms continues to trump the most human of all rights – the right to life.

This is a community that assumes safety, not because it is naïve, but because it has grown accustomed to trust.

College Hill rises in gentle brick and ivy, its narrow streets winding past houses with verandas designed for long conversations.

They take place in hushed tones right now, but if anywhere can find its way out of despair, Providence can.

On the historic street along its east side and in the college on the corner, most people live off hope.

Continue Reading

US

At least two dead and eight critically injured in US university shooting

Published

on

By

At least two dead and eight critically injured in US university shooting

At least two people have been killed and eight others critically injured in a shooting on the campus of Brown University in Rhode Island, officials have said.

The incident is believed to be unfolding near an engineering building on the campus, according to the school’s alert system.

Providence Police and the Rhode Island State Police are responding.

It is unclear at the moment whether arrests have been made.

Brown University says no suspects are in custody and that additional shots may have been fired.

US President Donald Trump corrected an earlier post he shared online, clarifying that a suspect was not in custody. In his previous post, he had stated that a suspect was in custody.

University officials initially told students and staff that a suspect was in custody, but later said this was not the case and police were still searching for a suspect or suspects.

More on Rhode Island

Officials noted that the information remained preliminary as investigators try to determine what has occurred.

Police are actively investigating and still gathering information from the scene, said Kristy DosReis, the chief public information officer for the city of Providence.

The shooting was reported near the Barus & Holley building, a seven-storey structure that houses the School of Engineering and Physics Department, according to the school’s website.

It includes 117 laboratories, 150 offices and 15 classrooms.

Brown is a private university with roughly 7,300 undergraduate students and more than 3,000 graduate students.

Providence Council member John Goncalves, whose ward includes the Brown campus, said: “We’re still getting information about what’s going on, but we’re just telling people to lock their doors and to stay vigilant.

“As a Brown alum, someone who loves the Brown community and represents this area, I’m heartbroken. My heart goes out to all the family members and the folks who’ve been impacted.”

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

Trending