19-January-2022
Corporate News
 
US will remove UK steel tariffs 'when the time is right'
14-Jan-2022

The US is in no rush to agree a deal to ease tariffs on British steel, the country's top trade official indicated on Wednesday. Trade Representative Katherine Tai said the border taxes on British steel and aluminium exports would be addressed "when the time is right". British exporters currently pay a 25% duty on steel shipments to the US. However their European counterparts are able to export to the US tariff-free after a deal was struck last year. The US suspended Trump-era tariffs of 25% on steel and 10% on aluminium levied on European products, but left them in place on UK exports.

News Source:- https://www.bbc.com/news/business-59972348