The United States and European Union (EU) have reached a deal to settle the rift over tariffs on steel and aluminum imports from the EU.
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The United States and European Union (EU) have reached a deal to settle the rift over tariffs on steel and aluminum imports from the EU. National security adviser Jake Sullivan, U.S. Trade Representative Katherine Tai, and Commerce Secretary Gina Raimondo announced the agreement Saturday. The Article 232 tariffs won’t be removed entirely but some quantity of European steel and aluminum will be allowed to enter the United States without tariffs under the deal, they said. “We were able to reach an agreement whereby the EU will drop their retaliatory tariffs [on American goods],” Raimondo said. The agreement would ensure “that all steel entering the U.S. via Europe is produced entirely in Europe,” Raimondo added. Former President Donald Trump in March 2018 imposed a 25 percent tariff on steel and a 10 percent levy on aluminum imports. Some countries were permanently exempted from the tariffs including South Korea, Argentina, Australia, and Brazil.
