Tariff relief for UK but new clock ticking on US deal

It is hard to argue the UK exemption from the doubling of US tariffs on imported steel from 25 to 50% is not good news. It was not a given that the UK would get this carve-out despite having done a deal on 8 May to reduce tariffs on the metals to zero.That agreement is not yet in force, however, and speaking to steel industry leaders and government officials right up until Tuesday night's announcement, their…