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EU, U.S. say they took steps to re-establish commerce flows in metal and aluminium By Reuters

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© Reuters. U.S. President Joe Biden delivers remarks as European Fee’s President Ursula von der Leyen appears to be like on throughout a joint assertion about metal and aluminium tariffs, on the sidelines of the G20 leaders’ summit in Rome, Italy October 31, 2021. REUTERS/Kev

(Reuters) – The US and the European Union on Sunday took steps to re-establish transatlantic commerce flows in metal and aluminium, and handle the challenges within the sector, they mentioned in a joint assertion.

As part of that partnership, they intend to barter a world association to handle carbon depth and world overcapacity, they mentioned on Sunday.

“The US is not going to apply part 232 duties and can enable duty-free importation metal and aluminium from the EU at a historical-based quantity and the EU will droop associated tariffs on U.S. merchandise”, they mentioned.

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