U.S., EU agree to resolve a dispute over U.S. steel and aluminum tariffs imposed by the former Trump administration in 2018
The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former president Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday.
U.S. officials did not specify the volume of duty-free steel to be allowed into the United States under a tariff-rate quota system agreed upon with the EU. Sources familiar with the deal, speaking on condition of anonymity, have told Reuters that annual volumes above 3.3 million tons would be subject to tariffs.
“The agreement ultimately to negotiate a carbon-based arrangement on steel and aluminum trade addresses both Chinese overproduction and carbon intensity in the steel and aluminum sector,” White House National Security Adviser Jake Sullivan told reporters. “It shows that we can solve the climate crisis while at the same time better protecting our workers - that we don’t have to pick between climate or the economy.
Europe exported around 5 million tons of steel annually to the United States prior to Trump’s imposition of the “Section 232″ tariffs in March 2018 on national security grounds.
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