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Reuters
Reuters
Business

U.S., EU downgrade metal tariff dispute at WTO

FILE PHOTO: A logo is pictured on the World Trade Organisation (WTO) building before a ministerial meeting to discuss a draft agreement on curbing subsidies for the fisheries industry in Geneva, Switzerland, July 15, 2021. REUTERS/Denis Balibouse/File Photo

The United States and the European Union have downgraded their dispute at the World Trade Organization over steel and aluminium tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation, documents filed at the WTO show.

The two sides agreed in October to suspend their tariffs and work on a deal to combat "dirty" production and overcapacity in the industry in the next two years, with China clearly the focus of their attention.

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