US-EU Steel Talks Going Down to the Wire Ahead of Biden Summit
- Agreement seeks to avert return of Trump-era tariffs
- Deal could see EU, US tariffs on excess production by China
Workers band a steel coil during steel production at a steel mill in Portage, Indiana.
Photographer: Scott Olson/Getty ImagesThis article is for subscribers only.
Talks between the US and European Union to reach a deal on steel are going down to the wire, as they aim to avert the return of billions of dollars of Trump-era tariffs ahead of a summit in Washington later this week.
Negotiators are still haggling over whether a political agreement on global steel and aluminum arrangements would prolong the suspension of tariffs imposed by the Trump administration or instead provide a clear path for them to be removed permanently, according to people familiar with the matter.