Officials from the European Union anticipate that the United States will reduce tariffs on products containing steel and aluminum in the coming weeks, according to a Bloomberg News report published Tuesday that cited sources with knowledge of the situation.
The expected tariff reductions would help reduce a significant point of tension in trade relations between the United States and Europe, the report indicated.
According to the Bloomberg report, the anticipated modifications would not impact tariffs applied to basic commodity forms of these metals.
Reuters was unable to confirm the Bloomberg report independently.
This development occurs amid growing uncertainty surrounding broader trade negotiations, particularly following a recent U.S. Supreme Court decision that restricted the current administration’s authority to use emergency powers for implementing extensive “reciprocal” tariffs. This ruling has created doubt about the possibility of reaching a comprehensive trade agreement between Washington and Brussels.
