This Is Why Trump's metal tariffs are already buckling the UK economy: Ed Conway explains
Mar 25, 2025
Ed Conway, economics and data editor at Sky News, offers insightful analysis on the repercussions of Trump’s metal tariffs on UK industries. He reports from an aluminum plant in Scotland and a stainless steel producer in Sheffield, revealing the struggles these sectors face amidst soaring costs and reduced exports. Conway also shines a light on a hopeful tungsten mine in Devon, emphasizing its historical significance and potential in today's economy. The conversation highlights urgent challenges and the need for strategic responses from businesses and government.
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Sheffield Steel Plant Hit by Tariffs
- Ed Conway visited a Sheffield steel plant affected by Trump's tariffs.
- A shipment of steel meant to arrive before the tariff deadline was delayed by a storm, costing the company $3 million.
Double Impact on UK Steel
- The UK hasn't retaliated with tariffs, hoping for a future trade deal.
- The influx of steel diverted from the US market due to tariffs creates a double blow for UK producers.
Fort William Aluminium Smelter
- Conway visited the last aluminium smelter in the UK, located in Fort William, Scotland.
- This unique plant uses hydroelectric power generated from rain collected in tunnels under Ben Nevis.