Britain presses U.S. for quick move on metal, aluminum tariffs By Reuters

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© Reuters. FILE PHOTO: Britain’s International Trade Secretary Anne-Marie Trevelyan speaks throughout the Global Investment Summit on the Science Museum, in London, Britain, October 19, 2021. Leon Neal/Pool by way of REUTERS

By Andrea Shalal

WASHINGTON (Reuters) – British commerce minister Anne-Marie Trevelyan on Wednesday stated she had invited U.S. Commerce Secretary Gina Raimondo to go to London in January to make progress on eradicating U.S. tariffs on metal and aluminum and the specter of UK retaliatory tariffs.

Trevelyan and Raimondo met in Washington on Wednesday, following the UK minister’s assembly with U.S. Trade Representative Katherine Tai on Tuesday.

In a joint assertion after the assembly, Britain and the United States stated the 2 officers mentioned “finding a path early in the new year … to engage expeditiously in consultations on steel and aluminum, with a view to combating global excess capacity and addressing outstanding concerns on U.S. tariffs and UK countermeasures.”

Resolving the dispute would profit employees and companies on either side of the Atlantic, and “would remove the need for the UK to levy retaliatory tariffs on U.S. goods,” Trevelyan stated in a separate assertion issued by the British embassy.

She stated she hoped Raimondo’s go to would enable the 2 allies make progress on the metal and aluminum tariffs and ” focus on taking our thriving buying and selling relationship to the subsequent degree.”

Trevelyan had hoped to make sure some progress on the difficulty earlier than Jan. 1, a senior British official stated earlier Wednesday, citing rising strain in Britain for it to lift its retaliatory tariffs on whiskey and different U.S. merchandise.

Britain, which exited the European Union on Jan. 31, 2020, is eager to affix a U.S.-EU pact struck in October that enables duty-free entry for “limited volumes” of EU-produced metals into the United States, whereas retaining U.S. “Section 232” tariffs of 25% on metal and 10% on aluminum extra broadly.

British corporations will face elevated strain from Jan. 1, when tariffs on EU items drop because of the US-EU deal. The EU dropped retaliatory tariffs in opposition to the United States after the EU take care of Washington.

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