U.S., EU Eye Global Coalition to Fix Steel, Aluminum Markets
- Accord will remove tariffs on as much as $10 billion of goods
- Will try to negotiate a broad deal with like-minded economies
Workers replace a roller that compresses steel at a plant in Midland, Pennsylvania, U.S.
Photographer: Michael Rayne Swensen/BloombergThis article is for subscribers only.
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The U.S. and the European Union clinched a tariff-busting trade accord over the weekend that they’ll try to leverage into a broader global arrangement that would penalize countries that don’t meet low-carbon targets for steel and aluminum exports.