EU shelves planned steel tariffs hike ahead of Biden visit
EU will refrain from increasing tariffs and both sides will engage in a dialogue about overcapacity in the steel industry, says commissioner
17 May 2021 - 18:34
The EU agreed to avoid escalating its dispute with the US over metal tariffs, sparing iconic products such as bourbon whiskey and Harley-Davidson motorbikes from a doubling of EU duties in June.
At issue is a high-profile disagreement that started in 2018, when former US president Donald Trump imposed duties on steel and aluminium from Europe, Asia and elsewhere, citing risks to national security. The EU subsequently retaliated and tariffs on a range of American products were set to jump to 50% on June 1...
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