The US and EU face trade disagreements, primarily due to unclear US plans to lift old tariffs. This has caused a stalemate in steel trade talks. If no resolution is reached by year-end, billions in tariffs could return. Additional disputes involve carbon fees, agriculture rules, data privacy, regulating tech US giants, etc.
Struggle to find common ground in the pursuit of a Global Arrangement on Sustainable Steel and Aluminum, facing obstacles in resolving oversupply and carbon pricing disputes as tensions rise as crucial talks intensify amidst growing concerns over China s role in the trade conundrum
The biggest takeaway from the reported discussions is that ‘trade policy and climate policy are growing increasingly intertwined’, but it’s still unclear whether European Union will risk hurting its relationship with China.