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US and UK confirm trade deal, but steel still a sticking point

Published on 17 Jun 2025 2:45:51 PM

Both the United States and United Kingdom signed an agreement on June 16 formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.

However, steel appears to remain a sticking point. Washington will set a quota for tariff-free imports of the metal from the UK, while other countries face 50% tariffs.

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