The U.S. and the United Kingdom agreed on March 22 to drop retaliatory tariffs on each other’s products as part of trade talks between the two countries.
U.S. Trade Representative Katherine Tai and U.K. Secretary of State for International Trade Anne-Marie Trevelyan met in Baltimore to discuss a U.S.-U.K. trade and investment agreement. A second round of talks will take place in the U.K. in the coming months, National Pork Producers Council (NPPC) reports in Capital Update.
Trevelyan also met with U.S. Commerce Secretary Gina Raimondo to work out the tariffs issue, with the U.S. agreeing to rescind tariffs on British steel and aluminum imports and the U.K. dropping retaliatory duties on U.S. goods. The first Joint U.K.-U.S. Dialogues on the Future of Atlantic Trade included senior representatives from government and the business sectors, the article said. The two sides are seeking to boost trade between the countries and were expected to discuss how they can work together on digital and green trade.
“The historical deal announced today delivers on President Biden’s vision to repair relationships with our allies while also helping to ensure the long-term viability of our steel and aluminum industries, the communities they support, and most importantly, the workers in these industries on both sides of the Atlantic. In addition to the U.K. eliminating the retaliatory tariffs against the United States, we have also agreed to continue engaging on the threat posed by carbon intensive non-market excess capacity in the steel and aluminum industries,” Tai said in a release on March 22.
NPPC said the organization has been pressing the White House to negotiate new FTAs, including with the United Kingdom, and has been a supporter of closer trade relations with the U.K. since that country began the process of leaving the European Union.
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