Time is running out for the EU to secure continued exemptions from US tariffs on steel and aluminum imports.
The European Union has expressed its satisfaction with the 25% tariffs on steel products initially introduced last year. That increase came in response to the United States' decision to impose levies of their own.
German steel giant ThyssenKrupp has said the European Commission was "too far-reaching and wrong" in blocking a merger with Tata Steel. ThyssenKrupp has filed a complaint against the Commission's decision.
The US has dropped steel and aluminum tariffs on Canada and Mexico. The tariffs had stood for just under a year and were part of a bitter trade dispute between the North American trading partners.
Donald Trump says his administration will enter into an initial bilateral trade deal with Japan in the coming weeks. But the fate of cars and a currency clause remain unresolved.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version