Ian Shires

Liberal Democrat Councillor for Willenhall North Ward, Liberal Democrat Group Leader, Walsall MBC Learn more

EXCLUSIVE GMB FIGURES SHOW TRUMP’S TARIFFS THREATEN 34,000 STEEL JOBS

by Ian Shires on 1 June, 2018

It’s clear that Donald Trump’s tariffs could have a devastating impact on steel communities and the wider UK economy says GMB

Exclusive figures from GMB, the steel workers union, show Donald Trumps’ tariffs threaten 34,000 UK steel jobs.

The protectionist Trump administration has slapped a 25% tariff on steel and a 10% tariff on aluminium, citing national security interests. [1].

In total, more than a billion pounds are paid in wages to steelworkers across the country each year.

That adds up to more than £230m paid to the exchequer in tax and national insurance contributions.

The region most at risk is Yorkshire and the Humber, where 9,500 jobs could be hit. [See note 2 for regional break down of jobs and risk to economy).

Just behind is Wales where 9,250 jobs are at risk.

The levies have now been imposed on the EU, Canada and Mexico, after they were previously granted exemptions.

GMB’s 101st annual congress takes place in Brighton from June 4 – 6.

Jude Brimble, GMB National Secretary, said:

“The Government must act urgently to protect the livelihoods of more than 30,000 steel workers.

“It’s clear that Donald Trump’s tariffs could have a devastating impact on steel communities and the wider UK economy.

“It’s time that Ministers stood up for the steel industry and UK manufacturing, not a President who will only ever put America first.”

 

 

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