U.S. and U.K. Start Metals-Capacity Talks That May See Tariffs End
- Announcement follows Wednesday meeting of Raimondo, Treveylan
- National-security duties caused conflict in trade relationship
A ladle is emptied at a steel mill in Cardiff, U.K.
Photographer: Simon Dawson/Bloomberg
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The U.S. and U.K. will start talks to address Washington’s tariffs on imports of steel and aluminum and the problem of global overcapacity, aiming to remove a long-standing irritant between the two nations and focus attention on China.
Commerce Secretary Gina Raimondo and U.K. Secretary of State for International Trade Anne-Marie Trevelyan on Wednesday held a virtual meeting before the announcement, which Bloomberg News on Tuesday reported would come this week. They discussed the impact on their industries stemming from global excess capacity driven largely by Asia’s largest economy, their offices said in a joint statement.