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Tariff test for EU as Trump prepares to squeeze trade partners

13/11/2024 06:26

A frozen trade dispute over steel has become an early test of the EU’s relationship with the incoming Trump administration, with a senior US official saying Brussels should consider postponing plans for March to impose billions of dollars of extra tariffs on imports from the US.

President Joe Biden had reached a truce with the EU in a conflict sparked when Donald Trump put tariffs on steel and aluminium in 2018, but each side is due to reimpose its duties on the other next year, the EU from the end of March and the US at the end of 2025.

Source: Financial Times