Commenting on the end of US tariffs on UK steel exports, Head of Trade Policy at the BCC, William Bain, said:
“The ending of the section 232 tariffs on UK steel product exports to the US in June is extremely welcome as businesses and consumers across the globe face unprecedented rises in trade and living costs. The revised US tariff rate quotas apply to steel melted and poured in the UK.
“People in the UK will also benefit from the ending of our rebalancing measures on products like US jeans too.
“Both Governments now need to work with business to produce lasting solutions to how we improve global steel supply chains. That means considering what happens to steel imports into the UK and where these can be sourced from at acceptable cost for manufacturing firms.”