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U.S. to delay UK trade deal over post-Brexit concern - FT
The United States will delay its deal to remove tariffs on UK steel and aluminum because of concerns about post-Brexit trade rules affecting Northern Ireland, the Financial Times reported on Wednesday.

The administration of former U.S. President Donald Trump imposed 25% and 10% tariffs on steel and aluminum imports on the European Union in 2018. The tariffs were withdrawn in October of this year, but they remain in place for Britain due to its exit from the EU.

In a communication seen by the newspaper, a U.S. Commerce Department official was quoted as saying that talks with the UK on easing metals tariffs could not move ahead.

The official cited U.S. concerns about British threats to trigger emergency clause Article 16, the report said , especially from the U.S. Congress.

by Bernard (bernard) on Thu Dec 2nd, 2021 at 06:47:50 PM EST
hey, now, I cannot help but admire the dramaturgy produced by US politicians which plants "America First" in UK-EU disputed fair trade and human rights ordinarily DIVERTED TO Canadian producers.

What's the total level of UK steel and aluminum exports to the US? um ...< squint >

What's the total level of EU common market steel and aluminum exports to US?
The US tariffs applied towards the EU from June 2018 affected €6.4 billion of European steel and aluminium exports, and further tariffs applied from February 2020 affected around €40 million of EU exports of certain derivative steel and aluminium products.

In response, the EU introduced rebalancing measures in June 2018 on US exports to the EU in a value of €2.8 billion.

The remaining rebalancing measures, affecting exports valued up to €3.6 billion, were scheduled to enter into force on 1 June 2021.

To which trading partner will Joe assign sanctions that inforce "international norms"?
by Cat on Thu Dec 9th, 2021 at 08:15:31 PM EST
[ Parent ]
EPI weighs THREATS to US "national security", totally discounts every protocol but the TRUMP ERA Kennedy mandate enacted by the odious.
Global steel surpluses are the result of chronic global excess steelmaking capacity in major exporting countries, including China, India, Brazil, Korea, Turkey, the EU, and other nations, much of it from state-owned and state-supported enterprises that are heavy polluters. In 2018, the United States determined that steel imports posed significant risks to national security and imposed a 25% tariff and other trade remedies on certain steel products under Section 232 of the [OBSCURE]Trade Expansion Act of 1962. This report examines the impacts of these measures on domestic steel production and consuming industries, and it recommends that these measures be retained until a multilateral solution to the problem of global excess steel capacity can be achieved.
archived Wed Nov 6th, 2019 et seq
by Cat on Thu Dec 9th, 2021 at 08:28:51 PM EST
[ Parent ]
The International Trade Secretary, Anne-Marie
Trevelyan, has warned the US the UK could step
up retaliatory measures if punitive tariffs on UK
steel exports are not lifted soon.
The US of A is shaking in its boots.
by asdf on Fri Dec 10th, 2021 at 04:14:57 PM EST
[ Parent ]
That is why they had the most Junior member of the cabinet announce it...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Dec 10th, 2021 at 06:13:07 PM EST
[ Parent ]


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