President Joe Biden has said the US and EU are seeking ways to curb imports of “dirty steel” from China after Washington and Brussels put aside their own trade dispute.
In a deal that was swiftly criticised by China, the US and EU have agreed to work jointly on a “global arrangement” to support sustainable steel and aluminium to reduce overcapacity and encourage greener production.
It is part of a two-year ceasefire deal reached for the US to ease tariffs on European steel and aluminium. In return the European Commission has proposed to EU member states that they temporarily drop retaliatory tariffs, and pause legal action at the World Trade Organization.
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