The United States and the European Union agreed to resolve their long-standing trade dispute over U.S. tariffs on steel and aluminum imports, and in return avoided the European Union retaliating with a significant increase in tariffs on U.S. exports of motorcycles and other products.
According to Al Arabiya Net, US Commerce Secretary Gina Raimondo said that the agreement would preserve Section 232 of US tariffs on steel and aluminum that were imposed under former President Donald Trump, with Allowing a limited amount of EU products to enter the United States and helping both sides' economies to meet the common challenge of global overcapacity mainly produced by China.
In 2018, the United States extended the decision not to extend the temporary exemption granted to the European Union, imposing taxes of 25% on steel and 10% on aluminum imported from Europe and Canada and Mexico.
