UK may become the only G7 country that is not able to produce steel

The United Kingdom can become the first G7 nation that has not produced its own steel, with a large steel firm that blames President Donald TrumpTariffs for the planned closure of two explosions.

British Steel, owned by Jingye, a Chinese steel group, has announced plans to close its two blurred stoves in England, Telegraph reports. Closed are at risk of 2,700 jobs and the end in the UK after 150 years. Jingye bought British Steel in 2020.

Jingye said that “tariff introduction” made explosions and steel operations “no longer financially resilient”.

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A flag with a British steel logo at the Steelworks plant in England. The Chinese firm, which owns a steel manufacturer, accuses President Donald Trump tariffs of the potential closure of two blasts in England. (Anna Gouterp/by via AP)

Trump imposed 25% tariffs Aluminum in the United States, which came into force earlier this month, became imported.

Jingye said he has invested billions of dollars to maintain operations since 2020, but these losses are increasing daily to about one hundred thousand dollars.

Closing may have the consequences of national security.

“There is a reason why Russia almost immediately broke all the blasts in Ukraine; because countries needed not only protection but also for the construction of roads and infrastructure,” said Sarah Jones, Energy Minister.

Roy Rickhus, Secretary General of the Union of Society, said: “We urge Jingye and the government to return to the table to resume negotiations until it is too late.”

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President Donald Trump talks to the audience. (Donald Trump/Truth Social)

“Given that we are now treating the G7 country without an internal basic steel ability, it is impossible to exaggerate that our national security is seriously threatening,” he added.

Trump struggled to keep us in steel in US hands. Nippon Steel, A Japanese companyHe said he was ready to increase investment in US steel facilities to $ 7 billion when he is trying to persuade Trump because the Pittsburgh steel manufacturer will be in good hands with foreign property.

“We will also keep us in steel here in America,” Trump said during a campaign rally in September 2024.

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Trump first opposed this transaction in February 2024, but earlier this year stated that Nippon would agree on investments in the US and not on the purchase, reports the Pittsburgh post-newspaper.