US, EU Plan New Chinese Steel Tariffs in Bid to End Trump-Era Trade Conflict
- The transatlantic allies need a metals deal by end of October
- A deal would be part of global steel and aluminum arrangements
The US and European Union are working on an agreement that would introduce new tariffs aimed at excess steel production from China and other countries, as well as put behind them a Trump-era trade conflict.
The levies would primarily be focused on imports from China that benefit from non-market practices, according to people familiar with the discussions, who said talks were ongoing. The scope of the measures, including other countries that could be targeted and the level of the tariffs, are still being discussed. It’s also expected to provide a framework for other nations to join in the future.