In extremis, the EU and the US agreed on Sunday 31 October to prevent escalation of the Section 232 tariff dispute on steel and aluminium. They had given themselves until the end of October to find a solution. After that, the EU was expected to impose the top tier of its tariffs on certain US imports on 1 December.
Ultimately, Washington agreed to lift part of the tariffs imposed by Donald Trump in 2018 (25% on steel and 10% on aluminium). European exports will be exempt from...