The United States and the United Kingdom reached an agreement to eliminate the use of steel for British Steel and aluminum products

Anne Marie trevillian, British Secretary of state for international trade, announced on social media on March 22 local time that the United States and Britain have reached an agreement on canceling high tariffs on British steel, aluminum and other products. At the same time, the UK will also simultaneously cancel retaliatory tariffs on some American goods. It is reported that the US side will allow 500000 tons of British Steel to enter the US market with zero tariff every year. Small note: according to “Article 232″, the United States can levy 25% tariff on steel imports and 10% tariff on aluminum imports.


Post time: Mar-29-2022