A shadow minister has urged the government to engage in trade talks with the US as quickly as possible. Addressing the 25% tariff on all steel and aluminium imports to the US which came into effect this week, Shadow Treasury minister Gareth Davies said: "We're not seeing a lot of action on this and in the meantime, steel companies and those who work for those companies are going to be hurting."
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00:00Tariffs are a tax on imports, they can be very inflationary and so it's very
00:05important that Keir Starmer, Rachel Reeves and the whole government engage
00:10with the US administration with President Trump to accelerate the
00:14discussions on a free trade agreement. That is what will avoid the damage of
00:19the tariffs and we urgently, you know, push them to do that. We're not seeing a
00:24lot of detail and not seeing a lot of action on this and in the meantime steel
00:29companies and those that work for those companies are going to be hurting.