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U.S. to grant Britain duty-free steel quota of over 500,000 metric tons annually -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The flags of United States and United Kingdom are shown after a bi-lateral photo was taken by U.S. Secretary Of State Rex Tillerson with British Foreign Minister Boris Johnson. This photo was cancelled at Washington’s State Department on March 22, 2001.

WASHINGTON (Reuters). The U.S. and UK steel trade deal, which is expected to be made public later Tuesday afternoon, will allow the entry of more than 500,000 tons of British steel each year into the United States free-of-duty. This was according to sources familiar with this agreement.

According to sources, the agreement requires that the steel be “melted, poured, and rolled” in Britain. It will also remove Britain’s retaliatory tariffs against iconic U.S. goods like Harley-Davidson (NYSE 🙂 motorcycles and Levi’s blue jeans (NYSE :). The source spoke on condition of anonymity as the details have not been released.

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