As part of the agreement, the United States and Britain will also continue to grant “market-distorting influence or ownership” in the steel and aluminum industries.
The United States said it would soon send a trade delegation to Britain for further talks.
The deal delivers on President Biden’s vision to restore relations with our allies while ensuring the long-term viability of our steel and aluminum industries, the communities they support, and most importantly, workers in these industries on both sides of the world. the world. Atlantic,” Ms. Tai said in a statement.
The war between Russia and Ukraine and the world economy
Thomas M. Conway, the international president of United Steelworkers, said the union supported the agreement and that it was “an important step in addressing systemic problems such as illegal dumping and global overcapacity that are affecting the vitality and future of our steel and aluminum industries.” to threaten.”
Chris Swonger, the chief executive of the Distilled Spirits Council, said American distillers “applaud the end of this long-tariff nightmare.” According to the group, U.S. whiskey exports to Britain had fallen 42 percent since the tariffs were imposed in 2018.
“With the elimination of the UK’s grueling retaliatory tariffs on US whiskey exports, US distillers are poised to stoke the stills,” he added.
The two countries have said they do not intend to conclude negotiations on a free trade agreement begun during the Trump administration. British leaders had hailed the potential deal as an independent step for their economies after leaving the European Union and urged the Biden administration to begin negotiations.
But the Biden administration has shown little interest in adopting the Trump administration’s goals, saying instead that the trade dialogue with the United Kingdom should “examine mutual international trade priorities rooted in our shared values, while also promoting innovation.” and promote inclusive economic growth”.
The upcoming dialogue will cover issues such as trade and investment involving small businesses, the digital economy, sustainable supply chains and the protection of labor rights and the environment, the Biden administration said.
