US Seeks Exemption From EU Carbon Border Levy to End Tariff Dispute
- The EU is concerned such a move may run afoul of WTO rules
- Discussions between the allies will intensify in coming weeks
Workers at the Port of Detroit.
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The US has asked for its steel and aluminum exports to be exempt from the European Union’s carbon border levy, complicating work on a broader metals accord that could lead to the allies reimposing billions of dollars in tariffs and retaliatory measures on each other’s goods.
It’s unlikely the EU will agree to the American request since the bloc’s legislation doesn’t easily provide for this kind of provision and such a move would likely run afoul of World Trade Organization rules, according to people familiar with the situation.