© Reuters. FILE PHOTO: Steel coils are lined up at the steel plant of ThyssenKrupp in Duisburg, Germany, July 26, 2023. REUTERS/Wolfgang Rattay/File PhotoBRUSSELS - The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs and increase cooperation on minerals critical to the green transition.
The EU will seek to ward off the return of import tariffs on steel and aluminium imposed by former U.S. President Donald Trump and to agree a deal that benefit EU exporters of critical minerals to the United States. The two groups urged EU and U.S. officials to reach a durable agreement to prevent any U.S. reimposition of metals tariffs and EU retaliation, while addressing the challenges of global excess capacity and carbon emissions in metals production.