UK Commerce Minister Jonathan Reynolds will meet with U.S. Commerce Consultant Jamieson Greer on Tuesday to debate learn how to implement a latest commerce pact, as issues mount over new U.S. metal tariffs. The assembly comes throughout Reynolds’ three-day journey to Paris and Brussels, the place he may also assessment latest political commerce understandings with each the U.S. and EU.
Though the offers struck final month aimed to decrease tariffs on British automotive and metal exports to the U.S., they continue to be casual political agreements with key implementation particulars nonetheless unresolved. The scenario has turn out to be extra sophisticated after President Trump introduced plans to double metal tariffs to 50% from Wednesday.
UK Metal has warned the transfer may severely harm British producers. A UK authorities spokesperson mentioned talks with Washington are ongoing to make clear how the brand new tariffs have an effect on the deal. Reynolds confused the significance of adapting relationships with the G7 and EU to help UK companies and exporters.
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