Solving U.S-EU dispute over steel, aluminum no easy task
By Andrea Shalal
Reuters
WASHINGTON (Reuters) -The American Iron and Steel Institute (AISI) on Tuesday welcomed the Biden administration s commitment to address the problem of global excess steel capacity together with the European Union, but warned that securing meaningful change would take time.
The group s president, Kevin Dempsey, said it was essential that Washington maintain strong and effective trade measures to prevent surges in steel imports from around the world that could quickly undermine the U.S. industry and our national security.
The comments came after a U.S.-EU summit at which the two sides agreed to suspend tariffs in a pair of cases involving aircraft subsidies, saying the move would strengthen cooperation in other areas, including steel and aluminum.
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