EU Rejects US Demand to Ease Tech Rules for Lower Steel Tariffs

The European Union’s antitrust chief ruled out easing the bloc’s tech rulebook, after US Commerce Secretary Howard Lutnick said Brussels needed to change its digital regulations in order to get a deal to lower steel and aluminum tariffs.

Lutnick said in an interview with Bloomberg on Monday that the US would grant the EU a “cool steel and aluminum” agreement in exchange for rolling back its tech rules. The US imposes a 50% levy on European imports of the metals.