Tata Steel, the UK's largest steelmaker, is in urgent discussions regarding the risk of exclusion from a new tariff-free trade agreement with the U.S. Prime Minister Keir Starmer announced the deal could be enacted soon, but stringent U.S. origin rules threaten Tata's $100 million annual export business. The 'melted and poured' rule requires steel to be manufactured entirely in the country of origin to qualify for tariff exemptions. As Tata transitions to greener production, it has been importing steel, prompting concerns over its compliance with U.S. regulations. Negotiators are hopeful a workaround can be found to enable compliance.
The agreement to lift tariffs on UK steel and aluminum is set to benefit Tata Steel, but stringent US origin rules threaten this trade viability.
Tata Steel's importation of steel from sister companies to fulfill orders may breach the US 'melted and poured' rule, jeopardizing a crucial $100 million export business.
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