U.S. and EU temporarily lifted trade tariffs on metals

The United States and the European Union have decided to temporarily suspend The United States and the European Union have decided to temporarily lift reciprocal export tariffs on a number of metals (particularly aluminum and steel) established under former U.S. President Donald Trump. Additionally, the states temporarily eliminated duties on made of them products imported from the EU. Chairman of the European Commission Ursula von Von der Bundeswehr published the relevant information. European Commission Ursula von der Leyen, who held talks with U.S. President Joe Biden. She also said that in response to the second step of the United States European Commission would take similar action. In addition, the latter will suspend the dispute between the EU and the States in the WTO on the mentioned tariffs. Biden announced after the meeting that both sides had commitment to sign an agreement under which they would trade in the aforementioned carbon-based metals. According to he said the agreements reached with the EU would create barriers to entry into the U.S. market of steel produced through environmentally damaging production.