US and UK in Joint Talks to Resolve Steel and Aluminum Tariff Dispute

The US Congress has put in place "Buy American" legislation to protect its own steel industry, but the move may jeopardize Australia's steel exports worth half a billion dollars under the US-Australia Free Trade Agreement.

Representatives from the United States and United Kingdom agreed to resolve their trade dispute over U.S. steel and aluminum tariffs in a joint virtual conference on Jan. 20.

American representatives are keen on removing the taxes on British metal imports.