The United States and Britain struck a trade deal on Tuesday to lift American tariffs on British steel and aluminum, while the U.K. will remove levies on U.S. motorcycles, whiskey, and tobacco. Britain will be able to ship “historically-based sustainable volumes” of steel and aluminum goods to the United States starting June 1 without tariffs imposed under the Trump administration, Biden administration officials said.
In return, the U.K. will remove tariffs on more than $500 million worth of U.S. products, including distilled spirits, various agricultural products, and consumer goods. Sources said these include products such as Harley-Davidson motorcycles, Levi Strauss jeans, and bourbon whiskey. The deal also requires that any U.K. steel company owned by a Chinese entity must have its financial records audited to assess influence from the Chinese regime. The results of these audits must also be shared with the United States. The requirement will initially apply to …
Comments are closed.