Wednesday, March 23, 2022

Steel Tariffs dispute with the USA resolved

Yesterday it was announced that the UK and US governments have agreed a resolution which puts an end to the ongoing issue around steel and aluminium tariffs, giving the UK steel and aluminium industries a vital boost. 

  • Since UK steel and aluminium export tariffs were imposed by the US in 2018, we have been working towards an agreement with the US to support the industry which employs 80,000 people.
  • Yesterday the UK government announced a resolution with the US to end the ongoing issue around steel and aluminium tariffs, securing a high level of tariff free access to the US market. In response, the UK will suspend rebalancing measures on US products including whiskey and motorcycles. 
  • This will boost businesses on both sides of the Atlantic and give workers greater security, as well as clearing the way for us to focus on the next steps for the UK-US trade relationship.

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