US, UK start formal talks on Trump steel and aluminum tariffs

0

The United States and the United Kingdom announced an agreement on Wednesday to begin talks on lifting the steel and aluminum tariffs imposed by the former President TrumpDonald TrumpKinzinger Welcomes Baby Boy Tennessee Legislator Introduces Self-Defense Bill In ‘Honor’ Of Kyle Rittenhouse Five Things To Know About New York AG’s Lawsuit Against Trump MORE in 2018.

In a press release Wednesday, Commerce Secretary Gina RaimondoGina Raimondo There’s a long way to go for the infrastructure bill to succeed Biden’s comprehensive Indo-Pacific economic framework isn’t comprehensive at all Let’s be honest: 2021 wasn’t that bad MORE and U.S. Trade Representative Katherine TaiKatherine TaiBalance/Sustainability — What’s next for winter highway travel? US dairy industry claims victory over Canada in trade pact dispute Biden’s muddled trade policy MORE would enter into negotiations with the British Secretary of State for International Trade, Anne-Marie Trevelyan, to address the steel and aluminum tariffs as well as the retaliatory tariffs imposed by the British.

“Both parties are committed to working towards a rapid outcome that ensures the viability of the steel and aluminum industries in both markets in the face of the ongoing common challenge of global excess capacity,” the statement said.

In 2018, Trump slapped the European Union, Mexico and Canada with tariffs on steel and aluminum. The EU responded in kind with tariffs on American products like Kentucky bourbon and jeans.

The Biden administration announced it was easing some steel and aluminum tariffs for the EU last fall, leading the bloc to delay a tariff hike on U.S. products scheduled for December.

Rob Maron of the Distilled Spirits Council in the United States told the BBC he hoped for an “immediate removal” of whiskey tariffs.

Maron said it would help “support jobs in the United States as the economy seeks to recover from the severe economic impacts and significant supply chain disruptions caused by the COVID-19 pandemic.”

The United States and the United Kingdom also explained that they had agreed to work together to manage “the world’s excess steel and aluminum capacity”, which they say is “largely led by China. “.

“The United States and the United Kingdom are close and long-standing partners, sharing the same national security interests as democratic market economies,” the statement said. “They can come together to promote high standards, address common concerns, and hold countries that practice harmful market-distorting policies to account.”

Share.

About Author

Comments are closed.