2 years ago
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Image source, Getty Images
Image caption,The UK had hoped for a free trade deal with the US
The US has agreed to remove Trump-era tariffs on UK steel and aluminium shipments, resolving an issue that had strained relations between the allies.
The move follows earlier deals with the European Union and Japan over the controversial taxes, which were imposed by former President Donald Trump in 2018 in the name of national security.
In exchange, the UK will suspend extra import taxes it had put on US products such as bourbon and Levi's jeans.
Business groups welcomed the decision.
Under the agreement, the US will replace the tariffs with a quota system, which ensures duty-free treatment to metals shipments up to a certain level, in this case comparable to 2019 shipments, according to the US. The deal will go into effect 1 June.
English (US)