
Trump-era tensions set to cool under U.S.-EU deal
2021-10-31 08:13:47 source:Politico
October 30, 2021
The Biden administration will ease tariffs on steel and aluminum imports from the European Union under an agreement reached Saturday, resolving a Trump-era tension that for years has tarnished trade relations between the longtime allies.
The EU will be permitted to send a set amount of steel and aluminum each year into the United States duty free under the new arrangement. The White House hasn’t specified how much will be allowed or what the duties will be on imports that exceed the limits, but the current tariffs are 25 percent for steel and 10 percent for aluminum.
The new arrangement required months of intense negotiations among top trade officials and has been viewed on both sides of the Atlantic as a compromise that the trading partners made for the sake of a fresh start following four years of discord under former President Donald Trump.
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https://www.politico.com/news/2021/10/30/us-eu-steel-dispute-resolved-517828