Economics
U.S., EU Race to Avoid June Escalation in Metals Tariff Dispute
- Raimondo call with Dombrovskis aims to heal transatlantic rift
- U.S. asks for pause in tariff hike, EU wants U.S. concession
This article is for subscribers only.
The Biden administration is in talks with the European Union to avoid an escalation in a dispute over tariffs on European metals exports as the transatlantic alliance tries to repair their economic counterweight against China, people familiar with the matter said.
Commerce Secretary Gina Raimondo, on a call with EU trade chief Valdis Dombrovskis last week, inquired about what could be done to avoid a looming escalation of European tariffs, according to the people, who asked not to be named discussing private talks.