Within hours, US Commerce Secretary Gina Raimondo is expected to meet British trade minister Anne-Marie Trevelyan to seal negotiations on a possible deal that would remove US steel and aluminium tariffs. This comes as Biden rolls back a major Trump-era policy of imposing harsh tariffs on steel and aluminium trade.
On Monday, Ms Trevelyan visited Baltimore in the US for two days of meetings with US Trade Representative Katherine Tai to discuss tariffs on steel.
During the meetings, she noted that the US and UK were making “good progress”.
An anonymous source told Reuters that the two trade leaders are likely going to sign an agreement later today.
Under this new deal, the US would remove export tariffs on British steel and aluminium, that were put in place under then-President Donald Trump.
As a response, the UK would promise to drop tariffs on US brands such as Harley-Davidson.
During Trump’s tenure as the US President, the country had imposed a series of tariffs on a range of imports.
In March 2018, Mr Trump imposed a 24 percent tariff on steel and a 10 percent tax on aluminium imported from most countries.
According to a spokesperson for the UK Government, two sides had been working “at pace” to resolve the longstanding conflict in US-British relations.
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