Despite an exemption from 50 percent tariffs, Britain still faces a 25 percent duty because its trade deal with the United States has yet to be put in place.

Britain breathed a sigh of relief on Wednesday after it was granted a carve-out from President Trump’s 50 percent tariffs on steel and aluminum imported to the United States, while the rest of Europe fumed that it was now paying twice as much.

The exemption for British exports was granted because the country had already agreed to the framework of a trade deal, which was announced to much fanfare on May 8. But Britain’s steel industry is still frustrated that it faces 25 percent tariffs because the pact has yet to be put into place.

And Britain still faces the prospect of 50 percent tariffs on those goods starting July 9 if London has not ironed out a final deal with Washington.

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