U.S. and European Union negotiators failed to reach deals to settle longstanding trade disputes in time for a summit at the White House on Friday, but Washington said it would keep providing some relief from tariffs on steel and aluminum, and both sides said talks would continue.
Senior U.S. administration officials said they made significant progress on the trade issues but more work was needed to reach deals on energy subsides and the steel and aluminum market.
"Sometimes we have our differences," Michel said. "That’s why we are here: to cooperate, to find solutions that work for businesses and workers on both sides of the Atlantic."to avoid the U.S. resuming import tariffs on EU steel and aluminum imposed by then-President Donald Trump in 2018 before November, ultimately agreeing to keep the tariffs at bay while they keep talking.
The United Steelworkers International labor union welcomed what it called the Biden administration's commitment to defending domestic steel and aluminum workers instead of "bowing to outdated thinking on international trade and the EU’s political pressure." A second official said more work was needed to finalize an agreement, but there was no discussion of reinstating - or snapping back - Trump's "national security" tariffs on steel and aluminum, the official said. "That is not on the table.", with Washington keen that the EU apply the metal tariffs to imports from China and Brussels refusing to do so before a year-long investigation to comply with World Trade Organization rules.
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