LONDON — The U.K. steel and coal industries are struggling to cope with a Trump administration that has put the future of their industries in jeopardy.
Trump has threatened to impose tariffs on the steel industry, and he has threatened a steep increase in tariffs on American steel imports.
economy relies on imports to meet a huge proportion of its electricity demand.
The U.N. body’s chief, António Guterres, said Monday that the world’s steel industry has not seen an economic recovery since the financial crisis of 2008.
The World Trade Organization has also said that the United States could impose punitive tariffs on U.s. steel imports to force it to pay for U.n. sanctions against Russia and Iran, which are considered to be the main causes of steel pollution in the U,S.
The move has created a trade war between the U.,S.
and European Union.
The EU has been urging countries like Germany and France to impose similar trade measures, saying the U.’s protectionism threatens their economies.
Guterres said the U is a member of the U-19 World Cup, the most prestigious international tournament, and that this will be the only opportunity for the U to participate.
Gutierrez also told reporters that he wants to increase investment in the steel sector, but he did not say what kind of investment.
The government is also looking at creating an infrastructure bank, and a new government department is considering expanding the national bank.