UK hopes for 0% tariff on steel exports to US dashed
The UK's hopes for a 0% tariff on steel exports to the US have been dashed. In July, an agreement was announced to reduce tariffs on UK steel to zero in the near future, which was greeted with enthusiasm. However, this agreement has not materialized, as the US has maintained the 25% tariff on UK steel imports. The UK government expressed disappointment at the lack of progress, stating that the tariffs are harming British steel producers and the wider economy. The failure to reach a deal on steel tariffs is a setback in the UK's efforts to secure favorable trade terms with the US post-Brexit. The article highlights the ongoing challenges faced by the UK in navigating the complex web of international trade relations and securing beneficial agreements for its industries.
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