Agreement allows duty-free access for limited amounts of EU-made metals and fends off retaliatory EU tariffs due in December
The US and EU have agreed to end a festering dispute over US steel and aluminium tariffs imposed by former president Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, US officials have said.
Commerce secretary Gina Raimondo told reporters on Saturday that the deal would maintain US section 232 tariffs of 25% on steel and 10% aluminium, while allowing “limited volumes” of EU-produced metals into the US duty free.
Continue reading...source https://www.theguardian.com/business/2021/oct/31/us-and-eu-reach-peace-deal-on-trump-era-tariffs-on-steel-and-aluminium
No comments:
Post a Comment