2,390.53 TL BIST 100 BIST 100
16.34 $ USD USD
€17.46 EUR EUR
26.97 TL Interest Interest
114.92 $ Fossil Oil Fossil Oil
4.30 $ Copper Copper
22.06 $ Silver Silver
129.60 $ Iron Ore Iron Ore
450.00 $ Ship Dismantling Ship Dismantling
967.01 TL Gold Gold

UK to pressure the USA to lift tariffs

It was stated that British Trade Secretary Anne-Marie Trevelyan will press the USA Commerce Secretary Gina Raimondo to remove the tariff on steel imports.

UK to pressure the USA to lift tariffs

He visited the United States to meet with Commerce Minister Gina Raimondo. "We had a very candid conversation," said Ms. Trevelyan on her return.

"I was very clear that if we couldn't fix the problem, the pressures for us to take compensatory measures became more severe," he added.

Ms. Trevelyan said she invited Ms. Raimondo to London in January for a detailed discussion on the matter. But until then, UK companies will be at a competitive disadvantage compared to EU-based companies.

"I am very keen to resolve this with our closest ally in the United States through the positive removal of tariffs," Trevelyan said.

He said resolving the conflict would benefit workers and businesses on both sides of the Atlantic.

While the UK was part of the European Union, Trump-era tariffs of 25% on steel exports (and 10% on aluminum exports) were applied.

The EU and the USA have now signed an agreement that will remove them from 1 January. However, the tariffs applied to manufacturers in the UK continue.

When asked why no further negotiations were held with the US before 1 January, Ms. Trevelyan said she chose to meet with the EU first, as the US is a larger trading partner.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iron ore futures close lower

Wednesday, May 25, 2022

Taiwan Feng Hsin cuts rebar and scrap prices

Wednesday, May 25, 2022

Global crude steel production fell 5.1 percent in April

Tuesday, May 24, 2022

Scrap prices continue to fall in China

Tuesday, May 24, 2022

Iranian steel under pressure from Russian steel

Tuesday, May 24, 2022
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now