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U.S., U.K. Reach Deal to Ease Tariffs on Steel and Aluminum

  • Britain agreed to remove retaliatory tariffs on U.S. spirits
  • Steel duties have been irritant since Trump first applied them
Small steel blooms pass along a conveyor belt at a steel mill in Rotherham, U.K.

Small steel blooms pass along a conveyor belt at a steel mill in Rotherham, U.K.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

The U.S. and U.K. reached a deal to ease tariffs on British steel and aluminum, resolving a longstanding irritant as the nations work to strengthen trade and integration.

The deal will allow 500,000 metric tons of steel annually to be imported duty free, with higher amounts subject to tariffs, starting June 1, the Commerce Department said in a statement. The U.K. also will end retaliatory tariffs on more than $500 million worth of U.S. exports, including distilled spirits, agriculture products and consumer goods.