Metal Tariff Talks With US In 'advanced Stages': EU Official
Umer Jamshaid Published September 29, 2021 | 01:01 AM
Talks between the United States and Europe to settle a dispute over steel and aluminum are at "advanced stages" and an agreement could be reached by early November, the EU trade commissioner said Tuesday
Washington, (APP - UrduPoint / Pakistan Point News - 28th Sep, 2021 ) :Talks between the United States and Europe to settle a dispute over steel and aluminum are at "advanced stages" and an agreement could be reached by early November, the EU trade commissioner said Tuesday.
Citing national security concerns, former president Donald Trump in June 2018 levied tariffs of 25 percent on steel and 10 percent on aluminum from several countries, including the European Union.
The Europeans retaliated with tariffs on a host of American goods, including tobacco, corn, rice, orange juice, jeans and Harley-Davidson motorcycles.
On his current visit to Washington, EU Trade Commissioner Valdis Dombrovskis said "discussions are in advanced stages, so I don't think there's a shortage of time.
" "There is a willingness to find a solution," he added, saying both sides had put in "very intensive" work on the issue.
He was to meet later Tuesday with US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo. On Wednesday and Thursday, he will participate in the first meeting of the US-EU Trade and Technology Council in Pittsburgh.
The United States and EU agreed to settle the metals dispute by December 1.
However Dombrovskis said an agreement should be reached by early November "because we need more or less a month for internal EU procedures to make sure that its automatic increase of retaliatory tariffs does not take place."The commissioner said the new council is "proof of our willingness to deepen our cooperation" with Washington.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 8 May 2024
Today Gold Rate in Pakistan 08 May 2024
Delegation of international investors meets Finance Minister
Federal Govt stands with Balochistan for its development: Naqvi
UAE President receives condolences of Prime Minister of Pakistan over passing of ..
ECC approves to enhance wheat procurement targets
UN urges Israel to 'stop escalation' as tanks enter Gaza's Rafah city
EU stumps up $125 mn for Yemen after aid groups' plea
Governor Tessori condemns May 9 riots, calls it a 'pre-planned conspiracy'
PM condoles with UAE President over Sheikh Tahnoun’s death
Milan nets Giro 4th stage, Pogacar retains lead
UBS back in profit after Credit Suisse takeover losses
More Stories From World
-
Pakistani beef promoted in Pakistan National Pavilion to tap China's market
6 minutes ago -
'A blessing': Rains refill Iraq's drought-hit reservoirs
6 minutes ago -
Is Brazil still the land of football?
16 minutes ago -
Toyota posts record yearly net income, revenue
16 minutes ago -
Top-seeded Celtics, Thunder win playoff openers
25 minutes ago -
N. Macedonia polls set to upend ties with EU neighbours
25 minutes ago
-
In Orban's Hungary, Xi to see China's best friend in EU
25 minutes ago -
Florida judge indefinitely postpones Trump documents trial
26 minutes ago -
'No one expected us' says Reus as Dortmund return to Wembley
26 minutes ago -
Brazilians queue for precious water as flood damage intensifies
26 minutes ago -
Milking venom from Australia's deadly marine animals
56 minutes ago -
Kim Jong Un mourns death of North Korea's former propaganda chief
1 hour ago