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Britain could bring back U.S. tariffs if steel and aluminum not exempted: UK business secretary

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Britain's business minister Jonathan Reynolds said on Sunday the UK would impose tariffs on U.S. products if the country failed to get an exception for steel and aluminum from 25% U.S. tariffs. The business and trade secretary told the BBC that the UK could bring back tariffs on U.
The article discusses the potential reimposition of U.S. tariffs on British steel and aluminum if the UK does not receive an exemption from the U.S. Section 232 tariffs, as stated by UK Business Secretary Kemi Badenoch. These tariffs were initially imposed by former U.S. President Donald Trump in 2018, citing national security concerns, and were suspended for the UK under a previous agreement. Badenoch emphasized the importance of securing a permanent exemption to avoid economic repercussions for UK businesses. She also mentioned ongoing negotiations with the U.S. to address this issue, highlighting the need for a resolution to maintain the strong trade relationship between the two countries. The article also touches on the broader context of global trade tensions and the implications for international trade policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/britain-could-bring-back-u-s-tariffs-if-steel-and-aluminum-not-exempted-uk-business-secretary/ar-AA1za4yO ]