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By David Lawder and Andrea Shalal WASHINGTON/ROME (Reuters) -The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday. Commerce Secretary Gina Raimondo told reporters that the deal will maintain U.S. Section 232 tariffs of 25% on steel and 10% aluminum, while allowing limited volumes of EU-produced metals into the United States duty free. It eliminates a source of friction between the allies and lets them focus on negotiating a new global trade agreement to address worldwide excess steel and aluminum capacity mainly centered in China and reduce carbon emissions from the industries. EU trade chief Valdis Dombrovskis confirmed the deal, writing on Twitter https://t.co/FDSrZ3U1Nx that we have agreed with U.S. to pause the trade dispute and launch cooperation ....
By David Lawder and Andrea Shalal WASHINGTON/ROME (Reuters) -The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday. U.S. Commerce Secretary Gina Raimondo told reporters that the deal will maintain U.S. Section 232 tariffs of 25% on steel and 10% aluminum, while allowing limited volumes of EU-produced metals into the United States duty free. It also ends one of the biggest areas of friction between the allies and allows them to focus on negotiating new global trade agreements to address global excess steel and aluminum capacity mainly centered in China and reduce the industries carbon emissions. U.S. officials did not specify the volume of duty-free steel to be allowed into the United States under a tariff-rate quota system agreed upon with the EU. Sour ....
By David Lawder and Andrea Shalal WASHINGTON/ROME (Reuters) -The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday. Commerce Secretary Gina Raimondo told reporters that the deal will maintain U.S. Section 232 tariffs of 25% on steel and 10% aluminum, while allowing limited volumes of EU-produced metals into the United States duty free. It eliminates a source of friction between the allies and lets them focus on negotiating a new global trade agreement to address worldwide excess steel and aluminum capacity mainly centered in China and reduce carbon emissions from the industries. EU trade chief Valdis Dombrovskis confirmed the deal, writing on Twitter https://t.co/FDSrZ3U1Nx that we have agreed with U.S. to pause the trade dispute and launch cooperation ....
By David Lawder and Andrea Shalal WASHINGTON/ROME (Reuters) -The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday. U.S. Commerce Secretary Gina Raimondo told reporters that the deal will maintain U.S. Section 232 tariffs of 25% on steel and 10% aluminum, while allowing limited volumes of EU-produced metals into the United States duty free. It also ends one of the biggest areas of friction between the allies and allows them to focus on negotiating new global trade agreements to address global excess steel and aluminum capacity mainly centered in China and reduce the industries carbon emissions. U.S. officials did not specify the volume of duty-free steel to be allowed into the United States under a tariff-rate quota system agreed upon with the EU. Sour ....
LIMA (Reuters) -Peru s opposition-led Congress pushed back a confirmation vote on the country s new Cabinet until next Thursday, in order to mourn the death of a lawmaker who suddenly died on Monday. Lawmaker Fernando Herrera Mamani, who belonged to the official Free Peru party, died of a heart condition, Congress said. The delay caused by Herrera Mamani s death will prolong the uncertainty over the fate of the new Cabinet, the second to be nominated by Socialist President Pedro Castillo in less than three months in office. Prime Minister Mirtha Vasquez, a moderate leftist, told Congress earlier in the day she was seeking a new governability pact, in a speech that lacked significant new proposals. She said the administration would support private investment and submit a tax reform proposal meant to fund social programs. Peru is the world s No. 2 copper producer, and the mining sector is a key source of tax revenue. Castillo asked Guido Bellido to resign as prime minister on Oct. 6 foll ....