TABC statement on announcement of EU-U.S. steel and aluminum tariffs negotiations

The TABC welcomes today’s announcement by EU and US authorities that they will work together to address global steel and aluminum excess capacity.

Importantly, the transatlantic industry strongly welcomes their pledge to avoid future changes on issues that negatively affect bilateral trade, starting with the EU decision not to move forward with its scheduled increase of EU steel and aluminum tariffs on 1 June.

The TABC now calls on both sides to continue showing concrete signs of their revived economic and strategic cooperation, starting with next month’s planned EU-US Summit.