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Commodities32 minutes ago (Dec 08, 2021 06: 55PM ET)


© Reuters. FILE PHOTO: Britain’s Global Trade Secretary Anne-Marie Trevelyan speaks in the midst of the Global Funding Summit on the Science Museum, in London, Britain, October 19, 2021. Leon Neal/Pool by task of REUTERS

By Andrea Shalal

WASHINGTON (Reuters) – British alternate minister Anne-Marie Trevelyan on Wednesday acknowledged she had invited U.S. Commerce Secretary Gina Raimondo to seek suggestion from London in January to rep growth on hunting down U.S. tariffs on steel and aluminum and the specter of UK retaliatory tariffs.

Trevelyan and Raimondo met in Washington on Wednesday, following the UK minister’s assembly with U.S. Trade Representative Katherine Tai on Tuesday.

In a joint statement after the assembly, Britain and the US acknowledged the two officers discussed “discovering a path early in the composed year … to determine on hastily in consultations on steel and aluminum, with a explore to combating global extra skill and addressing prominent concerns on U.S. tariffs and UK countermeasures.”

Resolving the dispute would reduction workers and agencies on both aspect of the Atlantic, and “would prefer the need for the UK to levy retaliatory tariffs on U.S. goods,” Trevelyan acknowledged in a separate statement issued by the British embassy.

She acknowledged she hoped Raimondo’s seek suggestion from would enable the two allies rep growth on the steel and aluminum tariffs and ” specialize in taking our thriving procuring and selling relationship to the next level.”

Trevelyan had hoped to be clear some growth on the scenario earlier than Jan. 1, a senior British respectable acknowledged earlier Wednesday, citing rising strain in Britain for it to settle its retaliatory tariffs on whiskey and other U.S. products.

Britain, which exited the European Union on Jan. 31, 2020, is enchanting to set up for a U.S.-EU pact struck in October that permits responsibility-free entry for “minute volumes” of EU-produced metals into the US, while maintaining U.S. “Part 232” tariffs of 25% on steel and 10% on aluminum more broadly.

British companies will face elevated strain from Jan. 1, when tariffs on EU goods fall as a outcomes of the US-EU deal. The EU dropped retaliatory tariffs against the US after the EU take care of Washington.

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