The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr! The United Kingdom be the lone G7 scallywag without its own steel—blame it on them pesky Trump tariffs, matey!

2025-03-28

Arrr! A Chinese steel hoarder, claimin’ British Steel as theirs, be pointin’ a peg leg at the U.S. tariffs fer makin’ two blast furnaces consider walkin’ the plank! Aye, sounds like a right scallywag of a problem fer the steel industry in merry ol’ Britain!

Avast ye scallywags! Gather 'round as I regale ye with a tale from the high seas of trade—a most troubling yarn from the United Kingdom, where they be on the brink of becoming the first G7 landlubber to not forge their own steel! A mighty steel firm, British Steel, owned by the Chinese buccaneers of Jingye, be closing its blast furnaces due to the cursed tariffs laid by that landlocked captain, Donald Trump. Aye, 2,700 jolly souls face the peril of joblessness, and the ship of steel production may sink after 150 years of service!

Jingye be claimin' that the tariffs have turned their once-thriving furnaces into rusting heaps, makin’ their operations less profitable than a ship full of lead. They’ve poured billions into keepin’ the fires burnin’, yet losses pile up like treasure chests on Davy Jones' locker!

And hark! This closure could rattle the very bones of national security, for steel be the lifeblood of defense and infrastructure! The energy minister warns that without our own steel, we be settin’ sail into stormy waters. The union chief, Roy Rickhuss, be plead’n with Jingye and the government to parley before the tide washes ‘em away! So, as the sun sets on this steel saga, let us raise a tankard in hopes they find their way back to prosperity before it’s too late!

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