The global arrangement on sustainable steel and aluminium between the EU and the United States is still no closer to becoming a reality. Instead, on Wednesday 17 April, US President Joe Biden called on the Commerce Department to study the idea of tripling tariffs on Chinese steel and aluminium in order to protect American workers.
US customs duties on these products currently stand at 7.5%. The EU benefits from an exemption, but its exports to the United States are still subject to a...