Trade
UK Races to Get US to Cut Steel Tariffs Ahead of Key Deadline
A steel finishing plant in Sheffield, UK.
Photographer: Dominic Lipinski/BloombergThe UK is racing to secure US agreement to make operational a deal to eliminate tariffs on British steel ahead of a Wednesday deadline when American officials could choose instead to raise the levy to 50%.
Eliminating the tariffs is critical to an already struggling British steel industry, because the US is the second-biggest export destination for the alloy from the UK.