FILE PHOTO: U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis Balibouse
November 2, 2021
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai said on Tuesday the new U.S.-EU steel trade agreement will help address excess metals capacity from China by preventing “leakage” of Chinese steel and aluminum into the U.S. market.
“Going forward, the U.S. and the EU will analyze the volume of steel and aluminum imports from the EU each year, share information and best practices on trade remedies, and ensure that products from non-market economies do not benefit from the arrangement,” Tai said in remarks to steel industry executives gathered in Washington.
(Reporting by David Lawder; Editing by Chris Reese)
