Following the recent announcement of an agreement between the U.S. and Japan on steel tariffs, 75 Organizations representing sectors unrelated to the steel and aluminum dispute urge U.S. and UK leaders, consistent with their recent commitments, to expeditiously reach an agreement to remove retaliatory tariffs and the threat of tariffs on their products without delay.
Since June 2018, suppliers and supply chains wholly unrelated to the steel and aluminum dispute have suffered from the imposition or threat of tariffs.
What’s worse, the last two years have been particularly challenging due to the COVID- 19 pandemic. As we work to rebound from this crisis, our sectors continue to be hampered by tariffs that were imposed when the UK was part of the EU, but are now only in place in the UK. The U.S. and UK governments must level the playing field with the EU and remove the competitive disadvantage we now face.
It is imperative these tariffs are removed so our sectors have the ability to recover from the harsh economic impacts and significant supply chain disruptions caused by the pandemic. Tariffs and the threat of additional tariffs are major barriers at a time when we should be focusing on recovering from the pandemic, creating jobs, promoting growth and investments in both the UK and the U.S.
We welcome the suspension of tariffs between the U.S. and EU in the steel and aluminum dispute and urge the UK and U.S. governments to quickly secure an agreement removing tariffs and the threat of tariffs on products unrelated to the dispute, following the precedent set under the Airbus/Boeing dispute. This is an important step in helping to reset the critical U.S.-UK trading relationship, and it is essential to our ability to recover from the pandemic.
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