US, EU Agree On Steel Tariffs To Help On Climate Change

US, EU Agree On Steel Tariffs To Help On Climate Change

Andrew H. Sweet

US President Joe Biden and European Commission head Ursula von der Leyen agreed to crack down on “dirty steel” and lift tariffs in a bid to curb carbon emissions and repair transatlantic relations.

The US president said the agreement would not only avert tariffs put in place by former President Donald Trump but lead to “cleaner” steel, lower inflation, and badly needed improvements in snarled global supply chains.

Under the terms of the deal, “dirty steel” made in China will be restricted from accessing US and EU markets. China’s lack of environmental standards is part of what drives down its costs and is a major contributor to climate change.

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