Media: the UK plans to request the US government to quickly reach a steel trade agreement.

According to the Financial Times, British Secretary of State for Business, Jonathan Reynolds, will request the United States to quickly reach a steel trade agreement next week. On Saturday, U.S. President Donald Trump stated that the U.S. will increase tariffs on imported steel to 50% to strengthen the domestic steel industry. The news indicates that "British Secretary of State for Business, Jonathan Reynolds, will urge the Trump administration to quickly reach an agreement to reduce import tariffs on British steel to zero." It is reported that Reynolds will meet with U.S. Trade Representative Jamie Harrison during the Organisation for Economic Co-operation and Development meeting in Paris next week, and attempt to agree on a timeline for the so-called economic prosperity agreement. The report emphasizes that it is not yet clear how Trump's threat will affect the British steel industry. However, the "prospects are not optimistic." British officials acknowledge that even if the deal is successful, it usually takes several months to take effect.