Friday, 9 March 2018

UK to seek exemption from US steel tariffs, according to Trade Secretary Liam Fox

The UK will seek an exemption from President Donald Trump's tariffs on steel and aluminium imports to the US, according to Trade Secretary Liam Fox.

Mr Fox says he will travel to Washington next week when he will discuss the new duties.

He said: "We will, of course, be looking to see how we can maximise the UK's case for exemption under these particular circumstances."

Steel imports will carry a 25% tariff while aluminium will have a 10% duty.

President Trump claims that the US has suffered from "unfair trade" and that the tariffs will boost the domestic market.
Dr Fox said: "We understand the anxieties about steel over-production that the United States has but we believe there are other ways to tackle that on a multilateral basis."

BBC       News.