EU, U.S. say they took steps to re-establish trade flows in steel and aluminium

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As a part of that partnership, they intend to negotiate a global arrangement to address carbon intensity and global overcapacity, they said on Sunday.

“The United States will not apply section 232 duties and will allow duty-free importation steel and aluminium from the EU at a historical-based volume and the EU will suspend related tariffs on U.S. products”, they said.