2023-12-28 19:23:52
This announcement comes ten days following a similar decision on the European side.
The United States in turn announced on Thursday the extension of the suspension of customs duties on imports of European steel and aluminum, put in place in 2018 by former President Donald Trump, around ten days following a similar announcement on the European side.
The White House executive order was signed by President Joe Biden and is set to take effect on January 1, while the suspension was initially scheduled to end on December 31.
This suspension will be effective until December 31, 2025, i.e. beyond the period announced by the European Union (EU), which for its part announced a suspension of taxes on American products, which had been decided in retaliation, until March 31, 2025.
232 customs duties decided by Donald Trump
“By doing so, the President is ensuring that we continue to have vibrant steel and aluminum industries in the United States, which are necessary to safeguard our national security,” the President said in a statement. US Secretary of Commerce Gina Raimondo.
According to the White House Trade Representative, Katherine Tai, this decision, “combined with the suspension of taxes on American products decided by the EU, will allow additional time to find a global agreement that addresses emissions issues. of carbon and overproduction in the steel and aluminum industries.
The two parties had been trying for months to find an agreement to eliminate these 232 customs duties decided in 2018 under the presidency of Donald Trump, and finally suspended in 2021.
A summit between the EU and the United States organized in October failed to reach an agreement, but the two parties now have the “necessary time” to reach it, according to the European Commission.
The extension until 2025 also allows the two blocs to go beyond a politically charged year 2024, between the European elections at the beginning of June, then the American general elections in November.
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