U.S. Secretary of Commerce Gina M. Raimondo, United States Trade Representative Katherine Tai and United Kingdom Secretary of State for International Trade Anne-Marie Trevelyan announced the start of bilateral discussions to address global steel and aluminum excess capacity, including the U.S. application of tariffs on imports from the United Kingdom under Section 232 and the UK’s retaliatory tariffs on certain U.S. exports to the UK. Both parties are committed to working towards an expeditious outcome that ensures the viability of steel and aluminum industries in both markets against the continuing shared challenge of global excess capacity and strengthens their democratic alliance.
During a virtual meeting, Secretary Raimondo and Secretary of State Trevelyan discussed the impact on their industries stemming from global excess capacity driven largely by China. The distortions that result from this excess capacity pose a serious threat to market-oriented steel and aluminum industries in the U.S. and the United Kingdom, and to the workers in those industries. They agreed that, as the U.S. and the United Kingdom are close and long-standing partners, sharing similar national security interests as democratic market economies, they can partner to promote high standards, address shared concerns and hold countries that practice harmful market-distorting policies to account.
Secretary Raimondo, Ambassador Tai and Secretary Trevelyan will enter into discussions on the mutual resolution of concerns in this area that addresses steel and aluminum excess capacity and the deployment of effective solutions, including appropriate trade measures, to preserve our critical industries.
Published in the March 2022 Edition