Trump’s UK Steel Deal Could Target Chinese Ownership of Plants

The United States’s offer to cut steel tariffs on the United Kingdom will only come into effect once the UK has met requirements relating to the ownership of certain plants, a condition that raises further doubts about the Chinese firm Jingye Group’s possession of British Steel.

According to the text of the US-UK economic prosperity deal that was announced by President Donald Trump and Prime Minister Keir Starmer on Thursday, the US will offer an import quota on UK steel at reduced tariff rates once the United Kingdom meets unspecified requirements on supply-chain security and “the nature of ownership of relevant production facilities”.