China Gets a Warning With U.S.-U.K. Tariff Deal, Raimondo Says

A key clause in the U.S.-U.K. agreement to ease tariffs on British steel and aluminum sends a warning to China about its policy of subsidizing producers, President Joe Biden’s commerce chief said.

The agreement announced Tuesday, which will allow steel up to a certain level to be imported into the U.S. duty-free, includes a provision that any British steel company owned by a Chinese entity must undergo an audit of financial records to assess influence from China’s government and share the results with the U.S.

Gina Raimondo

Photographer: Sarah Silbiger/The New York Times/Bloomberg

The measure is designed to monitor for unfair subsidies, prevent market-distorting practices and ...