UK tensions hit Tata Steel’s Scunthorpe unit as Britain eyes nationalising British Steel; Tata’s long-running markets, history with Tata Group.
A large fire at a Bermondsey recycling centre has drawn around 100 firefighters and more than 15 engines. Local residents are advised to keep doors and windows shut as smoke blankets parts of south London. Rail services are disrupted and authorities say the fire is under investigation.
The UK government announced a new steel strategy, increasing domestic production targets to 50%, reducing import quotas by 60%, and raising tariffs to 50%. The plan aims to support the struggling sector, protect jobs, and enhance national security, with up to a32.5 billion in funding and a shift to electric arc furnaces.
On April 2, 2026, President Trump signed executive orders imposing up to 100% tariffs on foreign-made patented pharmaceuticals that do not meet pricing or US manufacturing conditions. Companies with pricing deals and US production face zero tariffs; others face escalating tariffs over four years. The orders also revise tariffs on steel, aluminum, and copper products to be based on full US market value.