Trade Cases
US, UK reach trade deal that includes Section 232 'alternative'
Written by Ethan Bernard
May 8, 2025
The US and UK governments on Thursday announced a trade deal that includes an “alternative” to Section 232 tariffs on British steel and aluminum.
A White House fact sheet stated that the pact “creates a new trading union for steel and aluminum.”
The US also lauded UK efforts “to combat global steel excess capacity.” That provided the foundation from which to negotiate “an alternative arrangement to the Section 232 tariffs on steel and aluminum.”
Recall that renewed S232 tariffs on the UK and other traditional US allies went into effect in March.
A request for additional information from the Office of the US Trade Representative, the chief US trade negotiator, was not returned by time of publication.
Part of larger deal
The agreement on steel and aluminum forms just part of a wide-ranging US-UK trade pact.
“The deal removes longstanding UK market barriers, creating a $5-billion opportunity of new exports for U.S. farmers, ranchers, and producers,” the US Commerce Department said in a statement.
Commerce also noted that the reciprocal tariff rate of 10%, originally announced on “Liberation Day,” would remain in place.
“This deal is the first of many as President Trump continues to deliver on his promises to the American people,” Commerce Secretary Howard Lutnick said.
Ethan Bernard
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