13,410.54 TRY BIST 100 BIST 100
54.79 EUR EUR EUR
47.54 USD USD USD
7.08 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.74 TRY Interest Interest
84.68 USD Fossil Oil Fossil Oil
6.60 USD Copper Copper
90.08 USD Silver Silver
93.66 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
93.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

UK to pressure the USA to lift tariffs

It was stated that British Trade Secretary Anne-Marie Trevelyan will press the USA Commerce Secretary Gina Raimondo to remove the tariff on steel imports.

UK to pressure the USA to lift tariffs

He visited the United States to meet with Commerce Minister Gina Raimondo. "We had a very candid conversation," said Ms. Trevelyan on her return.

"I was very clear that if we couldn't fix the problem, the pressures for us to take compensatory measures became more severe," he added.

Ms. Trevelyan said she invited Ms. Raimondo to London in January for a detailed discussion on the matter. But until then, UK companies will be at a competitive disadvantage compared to EU-based companies.

"I am very keen to resolve this with our closest ally in the United States through the positive removal of tariffs," Trevelyan said.

He said resolving the conflict would benefit workers and businesses on both sides of the Atlantic.

While the UK was part of the European Union, Trump-era tariffs of 25% on steel exports (and 10% on aluminum exports) were applied.

The EU and the USA have now signed an agreement that will remove them from 1 January. However, the tariffs applied to manufacturers in the UK continue.

When asked why no further negotiations were held with the US before 1 January, Ms. Trevelyan said she chose to meet with the EU first, as the US is a larger trading partner.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Nippon Steel announces financial results for the April-June quarter of FY2026

Tuesday, August 4, 2026

Tube & Pipe Fair 2026 Brings India's Tube and Pipe Industry Together in Hyderabad

Tuesday, August 4, 2026

Iranian investor to make $100 million industrial investment in Erzincan

Tuesday, August 4, 2026

Türkiye's iron and steel import value reaches USD 2.18 billion in June

Monday, August 3, 2026

India's coal production increases %7.5 in July

Monday, August 3, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now