November 29, 2021

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The European Union and the United States have reached an agreement on imports of steel and aluminum

The European Union and the United States have reached an agreement to resolve a dispute over import duties on European steel and aluminum, senior U.S. trade officials told the meeting on Saturday. At the G20 summit in Rome. The agreement has been ratified by the European Commission.

In 2018, President Donald Trump introduced tariffs of 25% on imported steel and 10% on aluminum. The EU has fought its own taxes on American products such as Harley-Davidson motorcycles, Levi Strauss jeans and whiskey.

The EU has always condemned these tariffs and Joe Biden, who followed Donald Trump, also wanted to repeal them despite pressure from the US metallurgy department. A solution is currently available.

According to European Trade Commissioner Valdis Dombrovsky, Brussels and Washington have decided to end their trade dispute and launch a partnership.Global agreement for stable steel and aluminum“.

The full deal will be unveiled on Sunday by US President Biden and Commission Chairman Ursula van der Leyen.

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