Keir Starmer shies away from a 'tariff war' with Donald Trump and pins his hopes on a 'prize' trade deal with the US to dodge a fresh economic hit - as PM 'races for an agreement by 1 April'

Obviously I'm disappointed to see global tariffs in relation to steel and aluminium

Asked this morning if he was still hopeful the UK might be granted a reprieve, the PM replied

It really is the magic metal,

said Charles Johnson, president and CEO of the Aluminum Association

When you consider a $40,000 car or something like that, it might increase the price by about $75,

said Scott Paul, president at the Alliance for American Manufacturing, an advocacy and lobbying group

The subsidies allowed China to come in at an artificially low price. And that has roiled the aluminum industry globally and in particular in the United States,

said Paul

The need for quickness doesn’t seem to have landed enough,

Stace says, referring to protections against other countries dumping steel in the UK once the US market is closed

It’s quite extraordinary how anyone thinks this will do anything other than damage the US,

says the ICC’s Southworth

Obviously, it’s a massive frustration,

says Liam Bates, the president of long products at the Italian steelmaker’s northern England operation

Coming to an actual agreement is a better weapon in our arsenal,

the source said

At the moment it feels like a better way to see if a deal could be done,

he said

What they’ll be trying to do is avoid going head to head,

he says

The president wants steel and aluminum in America. And let me be clear — nothing's going to stop that until we've got a big, strong domestic steel and aluminum capability. And by the way, he's going to add copper to that mix, too,

he said in an interview on Fox Business

President Trump has once again used the leverage of the American economy, which is the best and biggest in the world, to deliver a win for the American people,

White House spokesperson Kush Desai said in a statement on Tuesday

If exclusion of Mexican steel from this measure is not achieved, it will be necessary to apply reciprocal reprisals on United States steel products,

Canacero said

Claudia Sheinbaumpresident

We’re going to wait until April 2 and then we will decide whether or not to impose reciprocal tariffs,

Sheinbaum said

By increasing costs of basic inputs for many companies, the tariffs could harm manufacturers who ultimately employ far more Americans than steel mills and aluminum smelters do, potentially causing Mr. Trump’s plans to bolster U.S. manufacturing to backfire,

the Times said

Pursuant to his previous executive orders, a 25% tariff on steel and aluminum with no exceptions or exemptions will go into effect for Canada and all of our other trading partners at midnight, March 12th,

he said

These are not the steel and aluminum tariffs of the last time,

Dan Ujczo, a trade lawyer who specializes in U.S.-Canada trade, told Reuters

Consumers will feel the inflationary impact of these tariffs at the grocery store,

the institute’s president, Robert Budway, said in a press release

The winds keep blowing in different directions on tariffs that it is impossible for markets to establish the lay of the land,

said AJ Bell investment director Russ Mould

We are concerned that, without proactive safeguarding, the UK could face an influx of low-cost imports, threatening the competitiveness and stability of our domestic market,

Ms Bloxsome added