Advertisement
Advertisement

U.S. Commerce chief to hold virtual talks with UK on steel, aluminum tariffs-source

By:
Reuters
Updated: Jan 13, 2022, 15:11 GMT+00:00

WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo is expected to participate in virtual talks with British officials on U.S. steel and aluminum tariffs in the coming month, a source familiar with the plans told Reuters on Thursday.

Steel coils sits in the yard at the Novolipetsk Steel PAO steel mill in Farrell

By David Lawder

WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo is expected to participate in virtual talks with British officials about U.S. steel and aluminum tariffs in the coming month, a source familiar with the plans told Reuters on Thursday.

Britain is keen to negotiate a deal granting substantial duty free access to the United States for its steel and aluminum producers along the lines of the quota agreement that Washington struck with the European Union in October.

The U.S.-EU deal went into effect Jan. 1 and gives EU steelmakers a significant U.S. market price advantage over UK competitors, which are still subject to tariffs of 25% on steel and 10% on aluminum.

A Commerce Department spokesman declined to comment on plans for virtual talks.

However, the department earlier had said that Raimondo was not in a position to travel to London in-person at the present time, after an invitation last month from Britain’s trade minister, Anne-Marie Trevelyan.

On Wednesday, U.S. Trade Representative Katherine Tai said that the Biden administration would engage in talks with Britain on the tariffs, “when the time is right”.

While the Commerce Department maintains jurisdiction over the Cold War-era trade law that authorized the “Section 232” metals tariffs on national security grounds, USTR played a key role in negotiating terms of the quota deal with the EU, which allows about 4 million tons of EU steel annually into the United States duty free.

A spokesman for British Prime Minister Boris Johnson said on Thursday that it was understandable that Raimondo could not commit to international travel due to uncertainty around the Omicron coronavirus variant, but talks were urgently needed.

“We maintain the urgent need to make progress on this issue, to lift the prospect of further retaliatory tariffs on U.S. goods and look forward to virtual discussions with the U.S.,” he said.

(Reporting by David Lawder; Additional reporting by Kylie MacLellan in London; Editing by Frank Jack Daniel)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Advertisement