The impact of the U.S. cancellation of British steel and aluminum import tariffs on my country's exports -

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The impact of the U.S. cancellation of British steel and aluminum import tariffs on my country's exports

author: China Aluminum Extrusion and Precision Machining

2022-05-13

U.S. measures to remove tariffs on British steel and aluminum imports will take effect on June 1, the British government said. Under Section 232, the United States can impose tariffs of 25% on steel imports and 10% on aluminum imports.
British International Trade Secretary Anne-Marie Turnerville announced on social media on March 22, local time, that the United States and the United Kingdom have reached an agreement on high tariffs on British-made steel, aluminum and other products. At the same time, the UK will simultaneously cancel retaliatory tariffs on some US goods.
It is reported that the United States will allow 500,000 tons of British-made steel to enter the US market with zero tariffs every year.
---Excerpted from "World Aluminum Network"
This move by the United States will greatly increase the sales of the steel and aluminum industries in the United Kingdom, and the production capacity gap will further expand. It may turn some smaller aluminum profiles and aluminum products to China for procurement, and may export aluminum profiles and aluminum products from the United Kingdom to China. Artifacts provide some increments.