23 Mar Section 232: UK-US Announcement

The UK has today successfully secured an expansive removal of US Section 232 tariffs on imports of UK steel, aluminium and derivative products that the US had been applying on UK exports since 2018. We have secured a bespoke solution that reflects the needs and interests of our steel and aluminium industries. The US has announced it will replace the Section 232 tariffs with tariff-rate quotas, which will come into effect from 1 June 2022.

In response, the UK will suspend the rebalancing measures, which took the form of additional tariffs levied on certain US imports, effective 1 June 2022. We need to complete our legislative process to suspend the rebalancing measures; the process for this is underway.

We know this has been a challenging time for you and we are delighted that we have been able to secure a positive outcome.

Angela Mason
Angela Mason
angelamason@cmfed.co.uk