The United States and European Union reached an agreement to re-establish a transatlantic trade flow of steel and aluminum. A statement from the White House says the United States will not apply section 232 duties and will allow duty-free imports of steel and aluminum from the EU at historical-based volume. The EU will also suspend related tariffs on U.S. products. Moving forward, the U.S. and EU will create a technical working group to develop a method to confront climate change and global market distortions.
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