MTDCNC welcomes the decision of the EU and the US to suspend their trade dispute

MTDCNC welcomes the decision of the EU and the US to suspend their trade dispute on steel and aluminium during the weekend (G-20 summit).

Following the United States’ announcement that they will remove Section 232 tariffs on EU steel and aluminium exports up to past trade volumes, the European Union will take the steps to suspend its rebalancing measures against the United States. The two sides have also agreed to pause their respective WTO disputes on this issue.

This is a very positive development. You can find more information in the following documents:

• EU press statement
• EU-US joint statement on arrangements for steel & aluminium
• EU statement regarding the suspension of rebalancing tariffs