WASHINGTON (Reuters) – The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with the deal said.
The deal requires the steel to be “melted and poured” in Britain and will remove Britain’s retaliatory tariffs on iconic U.S. products, including Harley-Davidson (NYSE:HOG) motorcycles, bourbon whiskey and Levi’s (NYSE:LEVI) blue jeans, the sources told Reuters on condition of anonymity because the deal has not yet been made public.
Source : Reuters