UK trade minister to meet US Trade Rep to discuss tariff deal

UK Trade Minister Jonathan Reynolds will meet with U.S. Trade Representative Jamieson Greer on Tuesday to discuss how to implement a recent trade pact, as concerns mount over new U.S. steel tariffs. The meeting comes during Reynolds’ three-day trip to Paris and Brussels, where he will also review recent political trade understandings with both the U.S. and EU.

Although the deals struck last month aimed to lower tariffs on British car and steel exports to the U.S., they remain informal political agreements with key implementation details still unresolved. The situation has become more complicated after President Trump announced plans to double steel tariffs to 50% from Wednesday.

UK Steel has warned the move could severely hurt British producers. A UK government spokesperson said talks with Washington are ongoing to clarify how the new tariffs affect the deal. Reynolds stressed the importance of adapting relationships with the G7 and EU to support UK businesses and exporters.

Much ado about nothing back in May

This article was written by Eamonn Sheridan at www.forexlive.com.