EU, US could agree on critical minerals despite steel failure, says France
© Reuters. FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir/File photoVALENCIA, Spain - The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminium, French Trade Minister Olivier Becht said on Friday.
U.S. and EU trade negotiators had hoped to agree on how to end Trump-era metals tariffs and to lessen the impact of the U.S. Inflation Reduction Act by Friday in time for a meeting between U.S. President Joe Biden's and top EU officials."It's clearly a disappointment that we could not advance more quickly with our American friends.
He said, however, he expected there would be an agreement"in the next weeks, in the next months" so that critical minerals used in electric vehicle batteries sourced from Europe would be eligible for some of the IRA's consumer tax breaks.
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