Metric loss

U.S. grants Britain duty-free steel quota of more than 500,000 metric tons a year By Reuters

© Reuters. FILE PHOTO: US and UK flags fly after a bilateral photo shoot between US Secretary of State Rex Tillerson and UK Foreign Secretary Boris Johnson at the State Department in Washington, United States, March 22, 201

WASHINGTON (Reuters) – The U.S.-British steel trade deal expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel to enter the United States duty-free, officials said. sources familiar with the deal.

The deal requires the steel to be “melted and poured” in Britain and will remove British retaliatory tariffs on iconic American products, including Harley-Davidson motorcycles (NYSE:), bourbon whiskey and Levi’s jeans ( NYSE:), the sources told Reuters. on condition of anonymity because the agreement has not yet been made public.

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