US - UK solve overcapacity in aluminum and steel production

09:16:32 20/01/2022 View 586 Font Size

Model.C_Title
Mục lục

The Vietnam News Agency correspondent in Washington reported that the US and UK on January 19 issued a joint statement saying that the two sides had started a negotiation process to resolve the current overcapacity in the global steel and aluminum market. bridge.

The joint statement stated: “US Secretary of Commerce Gina M. Raimondo, US Trade Representative Katherine Tai and UK Secretary of International Trade Anne-Marie Trevelyan on January 19 announced that the two sides had initiated meetings. bilateral discussions to address a global overcapacity in steel and aluminum production, including US tariffs imposed on British imports under Section 232 and retaliatory tariffs UK for some US exports to the UK.

According to the statement, the US and UK are committed to working collaboratively towards a speedy outcome to ensure the viability of their steel and aluminum industries in the face of the challenge of overcapacity. globally, as well as its effects.

The effects of overcapacity have posed a "serious threat" to the steel and aluminum industries in the US and UK, the statement said.

Accordingly,  Washington and London will discuss how to address concerns in this area, including appropriate trade measures to protect important industries.

Earlier, the Office of the US Trade Representative on December 7, 2021 said that during a meeting with British International Trade Secretary Trevelyan, Ms. Tai emphasized Washington's commitment to solving the problem of oversupply of aluminum and steel. , while ensuring long-term stability for these industries.

Britain wants to find a free trade agreement with the US, but this goal is still a distant prospect because this is not a priority for the administration of President Joe Biden.

Instead, Britain is pursuing smaller deals with individual US states to remove trade barriers and settle longstanding trade disputes.

 Vietnam+

Related Posts:

Steel industry news 30/09/2024

Iron ore prices continued their strong rally from last week after China announced policies to facilitate home buying.

View more

Steel industry news 09/09/2024

China's steel exports expected to hit eight-year high this year

View more

Steel industry news 26/08/2024

The risk that steel demand in China has peaked and will decline in the coming period has a major impact on steel companies around the world.

View more

Steel industry news 16/08/2024

Shareholders of Hoa Phat, Hoa Sen, Nam Kim, and Ton Dong A are "sitting on hot coals" as world steel prices fall freely, "holding their breath" waiting for anti-dumping decisions.

 

View more
Home
Online Support
Mr.Thuan

Mr.Thuan

0908076568
Mr.Quoc

Mr.Quoc

0789189677
Mr.Hoa

Mr.Hoa

0987243898
Company Location
0908076568
messenger icon zalo icon