Trump imposed tariffs of 25% on EU steel imports and 10% on aluminum imports.
The European Union and the United States have agreed to put their dispute over steel and aluminum on hold,Valdis Dombrovskis, Vice President of the European Commission (EC) and responsible for Trade, announced on Saturday.
"We have agreed with the United States to pause our trade dispute over steel and aluminum and launch cooperation on a global agreement on sustainable steel and aluminum," Dombrovskis said on his Twitter account.
"Our agreement will be announced tomorrow by European Commission President Ursula von der Leyen and US President Joe Biden," Dombrovskis added.
We have agreed with 🇺🇸 to pause our steel & aluminum (232) trade dispute and launch cooperation on a Global Arrangement on Sustainable Steel & Aluminum.
Our agreement will be announced by@vonderleyenand@POTUStomorrow.pic.twitter.com/FDSrZ3U1Nx—Valdis Dombrovskis (@VDombrovskis)October 30, 2021
Trade relations between the European Union and the United States deteriorated during former President Donald Trump's term in office, particularly following the imposition of tariffs of 25% on EU steel imports and 10% on aluminum imports.
The EU responded to Trump's measureswith its own round of tariffs on several US products, including bourbon whiskey, peanut butter, blueberries, and orange juice.
The two blocs had been trying for months to reach an understanding to resolve the dispute over steel and aluminum.
Contacts intensified after the EU and the United States reached an agreement last June on the battle over illegal state aid to US aircraft manufacturer Boeing and European aircraft manufacturer Airbus, the longest dispute in the World Trade Organization (WTO).
Both sides then agreed to suspend their countervailing duties, valued at up to €11.5 billion, for five years.
via EL Español
