EU ambassador: Tariff tensions ‘quelled’ early in Biden administration

Ill feelings in the European Union over Trump-era steel and aluminum tariffs imposed on national security grounds have been “quelled” significantly by “positive interactions” with the Biden administration, EU Ambassador to the U.S. Stavros Lambrinidis said on Thursday, adding that he hopes the trading partners will be able to work together to address steel industry overcapacity stemming from China. The U.S. and EU last month promised to address steel and aluminum global overcapacity by the end of the year --...