London/New York – Following yesterday’s announcement that the US and the UK will start bilateral discussions to address global steel and aluminum excess capacity, including the US’ application of tariffs on imports from the UK under Section 232 and the UK’s retaliatory tariffs on certain US exports to the UK, BAB CEO Duncan Edwards said:
“This announcement is indeed welcome news as it addresses one of the remaining big irritants to what is such an important trade and investment relationship for both economies; this is something BritishAmerican Business has long called for.
“We have always said that tariffs don’t make good trade policy and that both the UK and the US should use their shared interests and strengths to advance global trade discussions, including those on the distortions resulting from steel and aluminum excess capacity.
We therefore call on both the UK and the US to make these talks, and the creation of effective and creative solutions to the issue, a priority and we and our members are ready to help in any way we can.”
