As part of the agreement, the United States and Britain will also continue to confer on “market-distorting influence or ownership” in the steel and aluminum industries.
The United States said it would send a trade delegation to Britain for further talks soon.
The deal “delivers on President Biden’s vision to repair relationships with our allies while also helping to ensure the long-term viability of our steel and aluminum industries, the communities they support, and most importantly, the workers in these industries on both sides of the Atlantic,” Ms. Tai said in a statement.
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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 like illegal dumping and global overcapacity that threaten the vitality and future of our steel and aluminum industries.”
Chris Swonger, the chief executive of the Distilled Spirits Council, said that American distillers were “cheering the end of this long tariff nightmare.” According to the group, American whiskey exports to Britain had declined by 42 percent since 2018, when the tariffs were imposed.
“With the removal of the U.K.’s debilitating retaliatory tariffs on American Whiskey exports, U.S. distillers are ready to fire up the stills,” he added.
The two countries did not profess their intention to complete negotiations that began during the Trump administration for a free-trade agreement. British leaders had lauded the potential deal as an independent step for their economy after departing the European Union and have pushed the Biden administration to take up negotiations.
But the Biden administration has shown little appetite for adopting the Trump administration’s goals, saying instead that the trade dialogue with the United Kingdom should explore “mutual international trade priorities rooted in our shared values, while promoting innovation and inclusive economic growth.”
The coming dialogue will address issues like trade and investment involving small businesses, the digital economy, durable supply chains, and protecting labor rights and the environment, the Biden administration said.
Source: NY Times