The United States and the European Union on Sunday ended a dispute over steel and aluminium tariffs and said they would work on a global arrangement to combat 'dirty' production and overcapacity in the industry.
U.S. President Joe Biden and European Commission's President Ursula von der Leyen shake hands after speaking about steel and aluminium tariffs, on the sidelines of the G20 leaders' summit in Rome, Italy October 31, 2021. REUTERS/Kevin LamarqueROME, Oct 31 - The United States and the European Union on Sunday ended a dispute over steel and aluminium tariffs and said they would work on a global arrangement to combat "dirty" production and overcapacity in the industry.
Under the deal, Washington will allow EU countries duty free access for steel and aluminium exports to the United States in volumes comparable to those shipped before tariffs imposed by former President Donald Trump's administration in 2018. Speaking to the press, Biden was more explicit, saying the arrangement with the EU would help "restrict access to our markets for dirty steel from countries like China".
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