ROME -- The U.S.
and European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit.
National security adviser Jake Sullivan, U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo announced the agreement Saturday. They said that the Article 232 tariffs won't be removed entirely but that some quantity of European steel and aluminum will be allowed to enter the U.S. without tariffs under the deal.
The easing of the tariffs is a key step in unwinding one of Trump's legacies as Biden has tried to reset the U.S. relationship with Europe. The European Union took steps in May to improve relations. On some retaliatory tariffs, the EU temporarily suspended planned increases. This meant that American whiskey faced a 25% tax in Europe, instead of a planned 50% tax. The two sides faced a December deadline to avoid the higher tax rate.
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