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.
The Trump administration had placed taxes on EU steel and aluminum in 2018 on the claim that the foreign products produced by American allies were a threat to U.S. national security. Europeans and other allies were outraged by Trump's use of Article 232 to justify the tariffs, leading many to impose countertariffs on U.S.-made motorcycles, bourbon, peanut butter and jeans, among other items.
“We were able to reach an agreement whereby the EU will drop their retaliatory tariffs ,” Raimondo said. The agreement would ensure “that all steel entering the U.S. via Europe is produced entirely in Europe,” Raimondo added.
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