(Adds dropped word in headline) Feb 24 (Reuters) – European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people familiar with the matter. The planned changes would not affect tariffs […]
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EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
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(Adds dropped word in headline)
Feb 24 (Reuters) – European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The planned changes would not affect tariffs on commodity-grade forms of the metals, the report said.
Reuters could not independently verify the report.
The potential move comes as broader trade negotiations face renewed uncertainty after a U.S. Supreme Court ruling limited the administration’s ability to invoke emergency powers to impose sweeping “reciprocal” tariffs, clouding prospects for a comprehensive agreement between Washington and Brussels.
(Reporting by Dagmarah Mackos. Editing by Mark Potter)