well, let s stay on changes that came in to effect on january the first. british steel companies have been operating at a significant competitive disadvantage compared to their rivals in europe because the eu brokered a deal with the us that came into effect at the start of this year. it allows european companies to export steel to the us without tariffs. the uk has yet to agree a similar deal. our global trade correspondent chris morris reports on the impact. ata at a foundry in chesterfield raw materials are being furnace to make cast iron bars. because of the american tariffs 25% on uk products, this company is moving some of its production to a factory in spain. so the uk manages to strike a deal with the us, without production come back? come back? probably not, it really depends come back? probably not, it really depends on come back? probably not, it really depends on how - come back? probably not, it really depends on how early | come back? probably not, it - really depend
explicit about how they would mmp explicit about how they would ramp up the bed retaliation against those tariffs. the uk has been a bit friendlier, a bit chummier, and that means the eu has had a bit more leveraged. the eu has had a bit more leveraged- the eu has had a bit more leveraged. the eu has had a bit more leverared. ., , . leveraged. political concern in washington leveraged. political concern in washington about leveraged. political concern in washington about reduced - leveraged. political concern in | washington about reduced rate to suspend parts of the post rex deal with the eu on northern ireland. it is an awkward mix. at the department for international trade, they don t want to dispute with the united states, quite the opposite. outside the eu, the government is relying on closer trade ties with the us. it is in response to public consultation on further countermeasures against those american steel tariffs has already been delayed and it can t hold off indefinit
is whether it is worth to bring it back or not. it is highly likely we will leave it over there. i lost to the uk completely then. there. i lost to the uk comletel then. ,, ., , completely then. steel and cast iron are no completely then. steel and cast iron are no longer completely then. steel and cast iron are no longer a completely then. steel and cast iron are no longer a huge - completely then. steel and cast iron are no longer a huge chunkj iron are no longer a huge chunk of the british economy that if yourjob depends on them, they still really matter. it was to help protect american jobs that president trump introduced the tariffs in 2018. for the uk at least, the biden administration hasn t changed course. another public clemency nor private negotiation has yet led to any breakthrough. both the uk and the eu have retaliated with tariffs of their own against american products, but it is the eu that has got a deal done first. that is partly because in trade, size matters. t
industry is pretty clear. let s get a deal brokered - industry is pretty clear. let s get a deal brokered as - industry is pretty clear. let s get a deal brokered as soon | industry is pretty clear. let s l get a deal brokered as soon as possible and put it on a level playing field with the rest of europe. playing field with the rest of euro e. . , playing field with the rest of euroe. ., , , europe. but as with many things in trade, europe. but as with many things in trade. many europe. but as with many things in trade, many are europe. but as with many things in trade, many are easier- europe. but as with many things in trade, many are easier said i in trade, many are easier said than done. stay with us on bbc news, still to come: another bumper day on wall street as apple becomes the first company ever valued at $3 trillion. the japanese people are in the mourning following the death of emperor hirohito. thousands converged on the imperial palace to pay their respects when i
youth session for the uk parliament will be a big one as to whether or not he can get this deal through. all eyes on the political side of things. elsewhere, i want to take you to another story about facebook. one of the cofounders who has turned a big critic of facebook, chris hughes, has announced he s setting up a 10 millioned antim antim antimonopoly fund. he was saying they have too much power and dominance. the new fund will focus on backing existing and research on a new policy. it was some big backers and they have investments up until 2021. something to watch out for on the facebook zplied let s talk to two of the largest brewing companies in america are feuding. following this close. i what can you tell us about the disagreement between