Liz Truss holds crunch talks with Joe Biden’s trade experts about removing costly tariffs

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The International Trade Secretary has launched a review of tariffs against the US after an ongoing trade dispute.

The row dates back to when the UK was in the EU, with Britain and America seeking to de-escalate tensions following Brexit.

After a series of positive discussions, Ms Truss has said she is eager to find an agreement with her US counterpart to remove tariffs.

Ms Truss said: “We now have the power to shape these tariffs so they reflect UK interests, and are tailored to our economy.

“The UK will do whatever is necessary to protect our steel industry against illegal tariffs that could undermine British industry and damage our businesses.

“Ultimately, however, we want to deescalate these disputes so we can move forward and work closely with the US on issues like WTO reform and tackling unfair trade practices by non-market economies.”

Former US President Donald Trump introduced 25 percent and 10 percent tariffs on steel and aluminium imports from the EU in 2018.

As a result retaliatory measures were taken by Brussels including placing measures on whiskey, motorcycles and tobacco.

When the UK left the EU, Britain chose to keep the counter-balancing measures.

More to follow…

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