Wed, 14 May 2025

Wed, 14 May 2025 UK hits back at claims US tariff deal bad for China

The UK government said there was "no such thing as a veto on Chinese investment" in its tariff deal with the US.

* The UK government has denied that its trade agreement with the US could be damaging to China, saying there's "no veto on Chinese investment".
* The deal requires the UK to meet US demands on steel and aluminium supply chains, which Beijing fears could lead to it being excluded from supplying US-bound goods.
* China's foreign ministry said cooperation between countries should not target or harm third parties' interests.
* The UK government says the agreement is "in the national interest" and will protect British businesses and create jobs.
* Trade with China remains important to the UK, according to the government.
* The deal has reduced or removed tariffs on some of the UK's exports, including steel and aluminium.
* The US still imposes 10% tariffs on most imports from countries around the world, including the UK.
* The terms of the agreement require the UK to work with the US on supply chain security and ownership of production facilities.
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