The U.S. and Britain on Tuesday announced an agreement to permit “historically-based sustainable volumes of U.K. steel and aluminum products” to be imported into the U.S.
“Todays historic deal is a testament to that ambitious goal and will benefit Americas steel and aluminum industries and workers by protecting manufacturing, as well as consumers by easing inflationary pressures in the U.S,” U.S. Secretary of Commerce Gina RaimondoGina RaimondoWhite House meets with oil, bank, other companies about Russia invasionThe Hill’s Morning Report – All eyes on Supreme CourtBiden to speak with Xi Jinping on FridayMOREsaid in a statement.
The agreement will also require that any U.K. steel company with Chinese ownership be audited to assess how much influence China’s government has on the company, the announcement said.
It will also do away with “retaliatory tariffs on over $500 million worth of U.S. exports to the U.K” including staple American products such as Harley-Davidson motorcycles, Levi Strauss jeans, bourbon whiskey and more, sources told Reuters.
“By allowing for a flow of duty-free steel and aluminum from the U.K., we further ease the gap between supply and demand for these products in the United States. And by removing the U.K.s retaliatory tariffs, we reopen the British market to beloved American products,” Raimondo added in the announcement.
U.S. Trade Representative Katherine TaiKatherine TaiReducing illegal drugs in the US requires the tools of trade, not ‘war’ Biden argues gender equality benefits everybody to mark Women’s History MonthBiden expected to call for nixing normal trade relations with Russia MORE also said that the agreement “delivers on President BidenJoe BidenEx-Trump personal assistant appears before Jan. 6 panelDefense & National Security Russia sends warnings to the WestOn The Money Feds propose new disclosure rule for public companiesMOREs vision to repair relationships with our allies.”
Raimondo previously told reporters that she was “getting close” to ending the four-year dispute that began with former President TrumpDonald TrumpOhio GOP Senate candidates tout MAGA bona fides at debateEx-Trump personal assistant appears before Jan. 6 panelGOP sounds alarm bells over Greitens allegationsMORE’s 2018 global tariffs of 25 percent on steel and 10 percent on aluminum, Reuters added.