US, UK Leaders Meet for Steel Trade Talks
Government officials from the US and UK met this week in Washington, DC, to discuss trade issues stemming from the 232 steel and aluminium tariffs.
US Commerce Secretary Gina Raimondo and UK Secretary of State for International Trade Anne-Marie Trevelyan said after the meeting that the two nations will “engage expeditiously” in talks in the new year.
The US and European Union reached an agreement in October to replace the 25% tariffs originally imposed by the US in 2018 with a quota arrangement. Under the agreement, the EU may supply the US with up to 3.3 million tonnes of steel products tariff free each year. The UK was excluded from the deal.
Finding “a solution that would be mutually beneficial for workers and businesses on both sides of the Atlantic” was stressed by Secretary Trevelyan in this week’s talks.
Ways for the two countries to tackle global overcapacities in both steel and aluminum will also be discussed, Kallanish understands.
To tackle decarbonisation, the leaders plan to discuss expanding cooperation in clean technologies as well.
Secretary Raimondo was invited to London in January for further discussions on these topics.
Laura Miller USA