Biden administration, EU agree to ease Trump’s tariffs on aluminum and steel

“The president said that one of the key goals of his presidency is to show that democracies can deliver results to their people, especially working people, and address the challenges of the 21st century, two of the biggest challenges being the threat of climate change and the economic threat. represents unfair competition from China, “national security adviser Jake Sullivan told reporters on Saturday. “Today’s agreement with the EU fulfills that promise by making progress on both fronts.”

In 2018, Trump announced a 25 percent tariff on steel imports and a 10 percent tariff on aluminum to support heavy industries, sparking harsh criticism from U.S. manufacturers of steel and aluminum products who claimed tariffs would cost jobs in their business. and rising consumer prices. In a Saturday call, Sullivan described tariffs as “one of the biggest bilateral irritants in U.S.-EU relations.”

This is a groundbreaking story and will be updated.


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