Trade Tariffs between UK and US
Britain will not impose retaliatory trade tariffs in response to U.S. duties on steel and aluminium imports, instead seeking an exemption through negotiations.
Key Points
- EU plans to retaliate against US tariffs, UK seeks exemption through negotiations
- US accounts for 5% of UK steel exports and 6% of aluminium exports
- UK Steel industry expresses concerns over potential impact of US tariffs
Pros
- Maintaining strong economic relationship between UK and US
- Seeking exemption through negotiations instead of immediate retaliation
Cons
- Potential impact on UK steel and aluminium exports if exemptions are not secured