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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| US-UK end steel, aluminium tariffs, cut to 10pc on cars |
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Date:2025-05-14 Readers:
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TRADE talks between the US and UK have produced the removal of tariffs on aluminium and steel imports and a reduction of tariffs on imported British cars, Bloomberg reports.
There is evidence that American tariffs can be talked down, said the report.
The UK was able to get US tariffs on steel and aluminium lowered to zero from 25 per cent as part of what the US called "a new trading union.
"The framework didn't offer much insight into non-tariff barriers to trade including regulations and subsidies that US officials have highlighted," said Bloomberg.
"The UK said it wouldn't loosen safety checks on food imports despite removing levies on beef and other agricultural products," said the report.
Tariffs on British cars were to 10 per cent from 27.5 per cent for 100,000 vehicles per year, said Bloomberg.
https://www.shippingazette.com/news?news_id=9250500000328
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