No specific date or timeline was given for the talks but discussions will address"global steel and aluminium excess capacity, including the United States' application of tariffs" on the metals from Britain.
Annual exports of US whisky to Britain have fallen by more than half since 2018, according to the Distilled Spirits Council, which welcomed the announcement. The metals tariffs - 25 per cent on steel and 10 per cent on aluminium - were first imposed in March 2018 by former US President Donald Trump under a the"Section 232" Cold War-era national security law to protect US producers from a flood of subsidised imports.
"Given these substantial increases, we think it is essential that the administration ensures that the various new agreements it is considering do not result in a flood of imports," that could cause domestic capacity usage to drop below"healthy" levels, he said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US, UK to announce plans for formal talks on metals tariffs on Wednesday: Sources
Source: STForeignDesk - 🏆 4. / 71 Read more »
UK self-driving startup Wayve raises US$200 million to scale up technologyLONDON: British self-driving technology startup Wayve said on Tuesday (Jan 18) it has raised US$200 million from investors to scale up its autonomous driving technology globally and launch more pilot projects with commercial fleet partners. The Series B funding round brings the startup\u0027s total fundraising
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US court awards Warmbier family US$240,000 seized from North KoreaSEOUL: A United States court has awarded the family of Otto Warmbier, the American student who died after being jailed by Pyongyang, US$240,000 seized from a North Korean bank, court records showed. The 22-year-old Warmbier, who was detained in North Korea for allegedly removing a propaganda poster from hi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK intelligence investigated Texas hostage taker: Reports
Source: STForeignDesk - 🏆 4. / 71 Read more »
'In the name of God, go': UK PM Johnson faces demands to resignLONDON — British prime minister Boris Johnson on Wednesday (Jan 19) dismissed calls to resign from opponents and some of his own lawmakers, fighting to save his premiership amid a deepening revolt inside his party over a series of lockdown parties in Downing Street.
Source: TODAYonline - 🏆 1. / 99 Read more »
UK bans ad showing girl eating cheese while hanging upside downLONDON: Britain\u0027s advertising regulator has banned a TV ad that showed a girl eating cheese while hanging upside down, saying it could promote behaviour that could lead to choking. The ad for Dairylea cheese, a brand of US snacks giant Mondelez, had been shown on British video-on-demand services in August Hold up! For reference:
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »