Department of Commerce issues statement on consultations with the UK on Steel and Aluminum

The U.S. Department of Commerce issued the following statement regarding the ongoing consultations between the United States and the United Kingdom on bilateral and multilateral issues related to steel and aluminum:

“The United States and the United Kingdom are consulting closely on bilateral and multilateral issues related to steel and aluminum, with a focus on the impacts of overcapacity on the global steel and aluminum markets; the need for like-minded countries to take collective action to address the root causes of the problem; and the climate impacts of the sectors.

“Building on our shared democratic values, the United States and the UK are committed to working together to address contemporary economic challenges, while supporting their industries and workers. The United States and the UK look forward to market-orientation and tackling carbon emissions across all types of production in the steel and aluminum industry.

“The United States and the UK are each other’s biggest investors, with trade in goods and services between the United States and the UK worth over $250 billion in 2020. We are committed to enhancing that relationship yet further and plan to resume a range of talks on trade and economic issues.”