LONDON — Britain’s trade chief is confident he can lower U.S. President Donald Trump’s 10 percent “reciprocal tariffs” on imports of U.K. goods.
“There’s no doubt in my mind we can get progress on reciprocal tariffs,” Jonathan Reynolds said in response to a question from POLITICO at the British Chambers of Commerce Global Annual Conference in London.
The U.K.’s business and trade secretary also said he has “no doubt” that the U.S. administration will lower 25 percent tariffs on British steel and aluminum imports, as part of the trade pact Prime Minister Keir Starmer struck with Trump early last month.
“The issue with implementation of the steel agreement is the melt and pour rules, which is the U.S. interpretation of rules of origin around steel,” Reynolds said. The rules require steel imported to the U.S. to be manufactured in its country of origin.
