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Trade Policy Update
23 March 2022
Type
Written Ministerial Statement
Department
Department for International Trade
At a Glance
Issue Summary
The statement addresses the resolution of US tariffs on UK steel and aluminium.
Action Requested
The government welcomes the replacement of Section 232 tariffs with tariff-rate quotas (TRQs) effective from June 1, 2022. This solution reopens tariff-free access to the US market for certain UK steel and aluminium products up to specified volumes. The removal of these tariffs provides relief to around 80,000 jobs across the UK supply chain.
Key Facts
- Tariffs were imposed in 2018.
- There have been 13 sessions between teams and five negotiations since January 19, 2022.
- The solution will be implemented from June 1, 2022.
- TRQs replace the Section 232 tariffs on certain UK steel and aluminium products.
- Tariff-free access is re-established for specified volumes.
- Around 80,000 people are supported in the UK supply chain.
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Assessment & feedback
Summary accuracy