The UK government is negotiating a trade deal with the US that could provide tariff-free access to British steel exports. However, Tata Steel, the UK's largest steelmaker, may be excluded due to the origin of some of its products, which involves importing steel from its affiliates abroad. The Prime Minister expressed optimism about signing the deal soon, although there are concerns about how the inclusion of Indian-owned Tata Steel will play out in the US regulatory context. Efforts are being made to secure protections for Tata during these complex negotiations, alongside broader concerns about foreign steel ownership affecting US market security.
Tata Steel faces potential exclusion from access to the US market under the UK trade deal due to product origin concerns linked to imported materials.
UK officials are negotiating a carve-out for Tata Steel, highlighting the complexity of ensuring tariff-free access amid stringent US import regulations.
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