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The United States and the United Kingdom are settling disputes over steel and aluminum tariffs

The United States and the United Kingdom are settling disputes over steel and aluminum tariffs

Great Britain and the United States have been arguing for years about special tariffs on steel and aluminum. This controversy needs to be resolved for now.

Briefly essential

  • The dispute between the United States and Great Britain over steel and aluminum tariffs was resolved.
  • Great Britain will soon be able to import steel and aluminum duty free into the United States.
  • Former President Donald Trump introduced special fees during his tenure.

The United States and the United Kingdom are their own Controversy over introduced special fees Imports of steel and aluminum for now. According to a report on the deal, which was distributed in Washington on Tuesday, the UK will be allowed to import certain amounts of steel and aluminum duty-free from the United States from June.

The amount of tax-free trade should be approximately the same as in 2018 and 2019 with no penalties. So the UK will impose additional import duties on US goods worth about US $ 500 millionDollar Discount. These include whiskey, jeans and motorcycles.

This Agreement follows the model of the Interim Agreement Government By the President of the United States Joe Biden And the European Union, announced late last year. A similar agreement with Japan was announced in February.

Will there be a free trade agreement with the United States?

Trump had The 25 percent of charges that hit even closer U.S. allies, such as Japan and Europeans, were justified as “national security interests.” When he took office a year ago, Democrat Biden promised to repair the damaged relationship with US allies.

Englishman Government He hailed the growth of the steel and aluminum sector, which employs more than 80,000 people in Great Britain, as “good news”. The Resistance Called for the speedy implementation of the Free Trade Agreement with the United States.

“The Conservative Party has promised to conclude a trade agreement with the United States in 2019 by the end of 2022,” the international community said. Trade Responsible Labor Politician Nick Thomas-Symonds. This promise is a must Government Hold on now.

U.S. Commerce Secretary Katherine Toy said in an interview BBC However, do not allow yourself to be convinced that a free trade agreement is now the next step. It is important to explore what kind of collaboration is most appropriate for the current challenges.

Brexit issues with Northern Ireland slow down the process

The faith of many Brexit-Providers make a profitable decision after leaving the European Union EU– Regulated independent trade agreements – especially with the United States. Recently, however, such an agreement was far from over. Unresolved Brexit-The troubles in the British province of Northern Ireland caused additional obstacles.

President of the United States Joe Biden, Who has Irish roots, holds the fate of the region at heart. He has repeatedly criticized London’s role in the controversy EU Then special rules for Northern Ireland Brexit. There is no final agreement on these yet.

More on the topic:

Opposition Joe Biden Government Trade Brexit Dollar BBC EU