First modification:
The ‘Trump era’ is beginning to fade. Washington and Brussels put an end to their dispute over tariffs with a pact that reverses the fight that started during the administration of the former president.
The arrival of President Joe Biden to the White House marked a change in transatlantic relations and a new era of alliances between Brussels and Washington to end measures that affect bilateral trade.
Earlier, the United States and the European Commission had suspended reciprocally imposed tariffs in the wake of the conflict over subsidies to Airbus and Boeing, another dispute that marked Trump’s relationship with the Twenty-Seven.
“(Washington) will waive the Section 232 tariffs and allow the duty-free import of steel and aluminum from the Union in a historic volume,” while the European community “will suspend the related tariffs on US products,” according to the announcement. White House on a note.
“Following this decision by the United States, I am pleased to announce that the Commission will propose to suspend the tariffs that we had introduced,” said Ursula von der Leyen, President of the European Commission.
Although those involved did not disclose details of the agreement, sources cited by the Reuters agency assure that the duty-free amount is 3.3 million tons per year.
With EFE
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