Steel Talks Stall Before US-EU Summit, Risking Tariff Return
- An accord is needed to avoid the return of Trump-era levies
- Talks expected to continue to meet year-end deadline
A worker checks molten steel at a steel mill in Portage, Indiana.
Photographer: Scott Olson/Getty ImagesThis article is for subscribers only.
The US and European Union failed to reach an accord on steel and aluminum ahead of a summit on Friday and are poised to keep negotiating until a year-end deadline, when tariffs would return on billions of dollars of transatlantic trade in the absence of a deal.
The deadlock deprives US President Joe Biden, European Commission President Ursula von der Leyen and European Council President Charles Michel from being able to announce a deal on the so-called Global Arrangement on Sustainable Steel and Aluminum at the meeting in Washington as hoped, according to people familiar with the discussions.