UK officials warn of massive layoffs in auto and steel industries if no deal is reached

British government officials recently said that if the relevant trade agreement cannot be reached in time, domestic automakers and steel companies will face severe shocks, and may even lead to large-scale layoffs and closure of some companies.

Officials pointed out that the current trade negotiations are of decisive significance to key industrial sectors in the UK, especially the automobile and steel industries that rely on exports and raw material imports. Once the existing trade conditions cannot be maintained, these companies will be hit by multiple blows such as tariff increases and supply chain disruptions, and their operating pressure will increase significantly.

“We are working hard to advance the negotiations, but if an agreement is not reached in the end, these industries may pay a heavy price,” said a government source who asked not to be named.

Industry insiders also called on the government to take action as soon as possible to provide companies with clear policy guidance and response support to avoid a large number of job losses and maintain the international competitiveness of the British manufacturing industry.