Bloomberg reported that European Union’s trade Commissioner Mr Valdis Dombrovskis on Bloomberg TV warned that only about a month remains to resolve a metals dispute with the US and failure to do so means new EU tariffs will hit American products on December 1. He told “Allowing for internal decision-making procedures in the EU, we really need an agreement already by the beginning of November. We are now working very intensively to resolve this Trump-era steel and aluminium dispute. Time is, in a sense, running out.”Mr Dombrovskis told reporters that the EU is open to looking at steel and aluminium separately, but that both metals need to be resolved in the same timeline. Mr Dombrovskis is meeting with US Commerce Secretary Ms Gina Raimondo and US Trade Representative Ms Katherine Tai to discuss the conflict that started in 2018 when the Trump administration imposed tariffs steel and aluminium from the bloc. US instituted a 25% duty on steel imports along with a 10% tariff on inbound aluminium shipments using an arcane national-security provision in a 1962 trade law. The EU retaliated against the US steel and aluminium measures by targeting EUR 2.8 billion of American imports with tariffs on a range of products
Bloomberg reported that European Union’s trade Commissioner Mr Valdis Dombrovskis on Bloomberg TV warned that only about a month remains to resolve a metals dispute with the US and failure to do so means new EU tariffs will hit American products on December 1. He told “Allowing for internal decision-making procedures in the EU, we really need an agreement already by the beginning of November. We are now working very intensively to resolve this Trump-era steel and aluminium dispute. Time is, in a sense, running out.”Mr Dombrovskis told reporters that the EU is open to looking at steel and aluminium separately, but that both metals need to be resolved in the same timeline. Mr Dombrovskis is meeting with US Commerce Secretary Ms Gina Raimondo and US Trade Representative Ms Katherine Tai to discuss the conflict that started in 2018 when the Trump administration imposed tariffs steel and aluminium from the bloc. US instituted a 25% duty on steel imports along with a 10% tariff on inbound aluminium shipments using an arcane national-security provision in a 1962 trade law. The EU retaliated against the US steel and aluminium measures by targeting EUR 2.8 billion of American imports with tariffs on a range of products
