The exemption of Trump-era tariffs on UK steel imports to the United States has come into force on Wednesday.
The UK-US tariff dispute was resolved in March after the United States announced that it will replace Section 232 of the Trade Expansion Act on steel and aluminum from the United Kingdom with tariff-rate quotas. It will allow UK manufacturers to export up to 500,000 metric tons of steel and 21,600 metric tons of aluminum to the United States free of Section 232 tariffs each year.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.