Editorial

Private equity group KKR trumped by rival bidders in Spectris and Assura deals

时间:2010-12-5 17:23:32  作者:Canada   来源:Startups  查看:  评论:0
内容摘要:Mr Labet says the US accounted for about a quarter of Burgundy's wine exports last year.

Mr Labet says the US accounted for about a quarter of Burgundy's wine exports last year.

Trade group UK Steel warned some orders could be delayed or cancelled, with uncertainty surrounding some shipments which are already halfway across the Atlantic.Trump's new 50% import tax will come into effect on Wednesday. It will replace the 25% import tax that the US president announced earlier this year.

Private equity group KKR trumped by rival bidders in Spectris and Assura deals

A UK government spokesperson said it was engaging with the US on the implications of the latest tariff announcement to provide clarity to the industry.The US agreed on 8 May to drop import taxes on UK steel as part of a trade deal with the UK, but the original 25% tariff has been kept in place while the details of the deal are worked out.UK Steel director general Gareth Stace said: "The deal that Prime Minister Sir Keir Starmer and President Donald Trump struck just a few short weeks ago is yet to be finalised, so this doubling of tariffs plunges the UK steel industry further into confusion...it is yet another body blow for all UK steelmakers in this torrid time.

Private equity group KKR trumped by rival bidders in Spectris and Assura deals

"UK steel companies are this morning fearful that orders will now be cancelled, some of which are likely being shipped across the Atlantic as we speak."Mr Stace said the trade group would now be "pressing our government to finalise the agreement to eliminate UK steel import tax and for it to come into effect urgently".

Private equity group KKR trumped by rival bidders in Spectris and Assura deals

"UK steelmakers should not have to shell out for this new steep hike in US steel tariffs - all we want is to continue producing the steel our US customers value so highly," he said.

A spokesperson for the UK government said: "The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel."The US President has argued imposing tariffs on foreign goods would encourage US consumers to buy more American-made goods, bringing back manufacturing jobs while increasing the amount of tax revenue raised.

They have been used by the Trump administration as leverage in negotiations as it seeks to reduce trade deficits with other nations.A delegation from Japan are continuing trade talks with their US counterparts in Washington on Friday.

Bessent said "a couple" of US trade deals were "very close", but "a couple of them are more complicated".Trump's tariff regime remains in the balance following the decision by the US Court of International Trade, which ruled that Trump had

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