UK’s Theresa May raises ‘deep concern’ over tariffs in call with Trump

UK’s Theresa May raises ‘deep concern’ over tariffs in call with Trump
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British Prime Minister Theresa May on Sunday expressed "deep concern" to President TrumpDonald John TrumpLieu: There will be 'widespread civil unrest' if Trump fires Mueller Attorneys for Trump, Mueller hold face-to-face meeting to discuss potential interview topics: report Trump tariffs not helpful for nuclear talks, South Korea says MORE over his announced plans to increase steel and aluminum tariffs.

May told the president in a phone call that “multilateral action was the only way to resolve the problem of global overcapacity in all parties’ interests," according to a Downing Street spokesperson.


Trump announced last week that he plans to impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum.

Critics say that the tariffs will likely lead to retaliatory tariffs that could result in a trade war.

The British steel industry reacted with concern.

“This would be a unilateral, and extremely blunt, approach to what is a complex global problem of overcapacity in the steel sector,” Richard Warren, head of policy at UK Steel, said in a statement.

The European Union (EU) has said it is considering placing tariffs on U.S. imports in retaliation to Trump’s proposal.

Trump responded on Saturday that if the EU retaliates, he will place a tax on European cars.

The administration has maintained a firm stance despite the pushback.

Commerce Secretary Wilbur RossWilbur Louis RossOvernight Regulation: Facebook faces new crisis over Cambridge Analytica data | Whistleblower gets record SEC payout | Self-driving Uber car kills pedestrian | Trump bans trading in Venezuelan cryptocurrency Manufacturing group launches ad campaign against tariffs Week ahead: Lawmakers scramble to avoid another shutdown MORE said on Sunday that Trump has spoken with numerous world leaders about the tariffs but does not have any plans to provide exemptions, Reuters reported.

Ross on Sunday told ABC's "This Week" that any retaliatory measures taken by foreign nations will not have a significant effect on the U.S. economy or the price of goods.