U.S., EU end Trump-era tariff war over steel and aluminum – Reuters
- Date: 31-Oct-2021
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
U.S., EU end Trump-era tariff war over steel and aluminum – Reuters
WASHINGTON/ROME, Oct 30 (Reuters) - The United States and European Union are expected this weekend to announce a deal to resolve a dispute over U.S. steel and aluminum tariffs imposed in 2018 by former President Donald Trump, easing a major transatlantic trade irritant, six people familiar with the agreement said.
Three of the sources said the agreement, details of which were still being finalized, would allow EU countries to export duty free some 3.3 million tons of steel annually to the United States under a tariff-rate quota system.
"An agreement on steel has been reached and will be announced soon," said one source familiar with the matter, speaking on condition of anonymity.
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