United Kingdom could be only G7 nation not to produce its own steel; Chinese owner blames Trump tariffs

Rep.DonBacon,R-Neb.,sayshethinksCongressmadea“mistake”ingivingtariffauthoritytothepresident,andsaysCongressshouldtakeitback.  TheUnitedKingdomcouldbethefirstG7nationnottomanufactureitsownsteel,withamajorsteelfirmblamingPresidentDonaldTrump’stariffsfortheplannedclosureofitstwoblastfurnaces.  BritishSteel,whichisownedbyJingye,theChinesesteelgroup,announcedplanstocloseitstwoblastfurnacesinEngland,TheTelegraphreported.Theclosuresput2,700jobsatriskandtheendofsteelproductionintheUnitedKingdomafter150years.JingyeboughtBritishSteelin2020.  Jingyesaidthe“impositionoftariffs”hadmadetheblastfurnacesandsteel-makingoperations“nolongerfinanciallysustainable”.  THELEFTTHINKSTRUMP’STARIFFSAREADECLARATIONOFWAR.BUTTHEY’RECLUELESSABOUTTHEBATTLEFIELD AflagwithaBritishSteellogoattheentrancetothesteelworksplantinEngland.TheChinesefirmthatownsthesteelmakerisblamingPre