EU, US agree to pursue talks By CHEN WEIHUA in Brussels | China Daily | Updated: 2021-05-19 09:10 Photo taken on Feb 23, 2018 shows a view of the port area of Hamburg, Germany. [Photo/Xinhua]
Europeans suspend tit-for-tat tariffs on steel and aluminum for up to six months
The European Union and the United States agreed on Monday to pursue talks to end their dispute over steel and aluminum tariffs, with the EU suspending retaliatory measures in the hope Washington reciprocates during US President Joe Biden s visit to Brussels next month.
Biden is scheduled to hold a summit with EU leaders in June. It will be his first trip to Brussels since taking office in January.
EU, US agree to pursue talks
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EU, US agree to pursue talks
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
The EU and US took a step towards a post-Trump trade truce on Monday (17 May), agreeing to hold talks to end a tit-for-tat feud over steel and aluminium tariffs.
In a carefully phrased statement, United States Trade Representative Katherine Tai and her EU counterpart Valdis Dombrovskis announced “discussions to address global steel and aluminium excess capacity” that would tackle China’s outsize role in the problem.
The Europeans will, in addition, temporarily suspend a plan to increase tariffs on the US, the EU said.
The peace offering is the latest chapter in a row that began in June 2018 when then US president Donald Trump imposed tariffs of 25% on steel and 10% on aluminium from Europe, Asia and elsewhere.
EU, US Move To End Steel Row And Look To China By Alex PIGMAN
05/17/21 AT 8:19 AM
The EU and US took a step towards a post-Trump trade truce on Monday, agreeing to hold talks to end a tit-for-tat feud over steel and aluminium tariffs.
In a carefully phrased statement, United States Trade Representative Katherine Tai and her EU counterpart Valdis Dombrovskis announced discussions to address global steel and aluminium excess capacity that would tackle China s outsize role in the problem.
The Europeans will, in addition, temporarily suspend a plan to increase tariffs on the US, the EU said.
The peace offering is the latest chapter in a row that began in June 2018 when then US president Donald Trump imposed US tariffs of 25 percent on steel and 10 percent on aluminium from Europe, Asia and elsewhere.