USTR Ms Tai Promises to Protect US Steel Industry in EU Talks
Reuters reported that US Trade Representative Ms Katherine Tai will accompany US President Mr Joe Biden to Brussels next week for intense negotiations to try to resolve trade disputes over aircraft, steel and aluminium. Ms Tai said “We’ll participate in intense negotiations to resolve the 16-year-old Boeing Airbus disputes and to find a path forward on products like steel and aluminium. The steel industry is critical to our economy and our national security. President Biden is committed to protecting our steel industry and workers like you from unfair trading practices. She will fight for the rights and interests of US workers in those industries and work to set new standards to combat China’s industrial policies.”
The EU wants the Biden administration to lift the “Section 232” national security tariffs of 25% on imported steel and 10% on imported aluminium, and a draft communiqué for a US EU summit next week includes language setting deadlines on lifting additional/punitive tariffs related to the dispute.