Joe Biden extends EU steel, aluminium tariff exemption for 2 years

The United States and the European Union had been seeking agreement measures to address excess metal production capacity in non-market economies, such as China, and to promote greener steel. The discussions were supposed to be resolved by 2023 but had stalled.

EU to investigate Chinese steel and aluminium sectors, with tariffs looming

In a presidential proclamation, Biden said the two sides had made “substantial progress” and were “continuing their discussions.”

The TRQ allows up to 3.3 million metric tons of EU steel and 384,000 tons of aluminium into the United States tariff-free, reflecting past trade levels, with the tariffs applying for any further amounts. The new exemption applies until December 31, 2025.

Biden kept tariffs fixed at the current level for non-EU countries.

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Китай Экономика и Бизнес

ЕС тариф сталь Европейский Союз алюминий освобождение джо байден избыточный