As an example of how trade disputes often have little to do with trade, the announcement this week that the US and UK would sit down for talks to resolve the Trump era “trade dispute” over steel and aluminum tariffs serves as a case in point. Back in March 2018, when the former US president first imposed section 232 import tariffs of 25% on steel and 10% on aluminum imported from nearly everywhere, the UK belonged to the EU.
While the application appeared heavy-handed, strong arguments for action existed. Capacity utilization among…UK And U.S. To Sit Down To Resolve Trump-Era Trade Dispute
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