British Chambers of Commerce warned UK manufacturers and construction groups will be hit by significant financial and logistical problems as a result of ministers' plans to double tariffs on steel imports from July 1st, according to FT

The warning from the British Chambers of Commerce about the potential impact of doubled steel tariffs highlights escalating tensions in trade policy, which could strain UK manufacturers and construction sectors. This move may lead to higher costs for steel and disrupt supply chains, ultimately exerting inflationary pressures across the economy. Traders should be alert to how this might affect commodity prices and related equities, particularly in construction and industrials.