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SaltWire's Atlantic regional weather forecast for October 19, 2023 | SaltWireBRUSSELS - Top EU officials have headed to Washington in the hope of sealing agreements with the United States to end Trump-era tariffs and ease the impact of U.S. green subsidies, though talks appear set to go down to the wire.
The United States has suspended import tariffs on EU steel and aluminium imposed by former U.S. President Donald Trump in 2018, but on condition that both sides agree by the end of this month on measures to address overcapacity in non-market economies, such as China, and promote greener steel. Bernd Lange, chair of the trade committee of the European Parliament, which may need to approve an agreement, said potential measures to tackle excess capacity should be"based on objective investigations and not on political considerations".On sustainable steel, the two sides are trying to reconcile the EU's carbon border tariff system with a U.S. approach so far to promote a greening of its economy through subsidies.
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