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EU suspends Section 232 tariff hike, begins talks with U.S. on overcapacity

May 17, 2021 at 12:03 PM
The European Union will temporarily suspend plans to boost retaliatory duties imposed to counter U.S. Section 232 tariffs on steel and aluminum, European Commission Executive Vice President Valdis Dombrovskis announced on Monday, joining the U.S. in announcing new talks on global steel and aluminum overcapacity. “In our effort to reboot transatlantic relations, EU will temporarily suspend the increase of its rebalancing measures on U.S. 232 steel & aluminum tariffs,” Dombrovskis wrote in a tweet on Monday. “This gives us space...

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