Britain may be the first G7 country to not make its own steel, a major steel company accused President Donald TrumpPlans to close tariffs on its two explosive furnaces.
According to the Telegraph, British Steel Company, owned by China Steel Group Jingye, announced plans to close two of its explosive furnaces in England. The closure puts 2,700 jobs at risk and steel production in the UK ended 150 years later. Jingye bought British steel in 2020.
“Tariffs” make the explosive furnace and steel manufacturing business “no longer economically sustainable,” Guyer said.
At the entrance to the English steel factory there is a flag with the British steel logo. Chinese companies that own steelmakers are accusing President Donald Trump of tariffs that could shut down two bombing furnaces in England. (Anna Gowthorpe/pa via AP)
Trump imposed 25% tariff Regarding the import of steel and aluminum that will take effect earlier this month.
Jingye said it has invested billions of dollars to maintain operations since 2020, but lost about hundreds of thousands of dollars a day.
The closure may have national security implications.
Energy Minister Sarah Jones said: “There is one reason Russia bombed all the explosive furnaces in Ukraine almost immediately; because the country needs not only steel to defend, but also roads and infrastructure to build.”
“We urge Jingye and the government to recall the tables and resume negotiations before it’s too late,” said Roy Rickhuss, secretary general of the Community Alliance.
President Donald Trump speaks to the audience. (Donald Trump/Truth Social)
He added: “Given that we are now at the cusp of the only G7 country without major refining capabilities in the country, it is not an exaggeration to say that our national security is under serious threat.”
Trump has been working hard to take us into the hands of the United States. Nippon Steel, a Japanese companyIt said it is willing to increase its investment in U.S. steel facilities to $7 billion as it tries to convince Pittsburgh steel maker Trump Thah to have foreign ownership.
“We will also leave steel in the United States,” Trump said at a campaign rally in September 2024.
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The Pittsburgh Post reported that Trump first opposed the deal in February 2024, but said earlier this year that Japan would negotiate an investment in U.S. steel rather than a purchase.
