U.S., E.U. reach deal easing steel, aluminum tariffs


The United States and the European Union on Saturday announced a deal to ease some tariffs on steel and aluminum that were imposed by former President Donald Trump, The Wall Street Journal writes.
Commerce Secretary Gina Raimondo said Saturday that the tariffs would remain in place, but the Biden administration will let limited European products into the U.S. tariff-free. In return, the E.U. will drop retaliatory tariffs in return. "We fully expect this agreement will provide relief in the supply chain and drive down cost increases," Raimondo said.
European Trade Commissioner Valdis Dombrovskis tweeted confirmation of the agreement, which came during the two-day Group of 20 summit in Italy. White House national security adviser Jake Sullivan said the deal removes "one of the largest bilateral irritants in the U.S.-E.U. relationship."
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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