Wis. (WLAX/WEUX) – President Biden says an agreement made with the European Union over steel and aluminum imports will be an economic boom for the United States.
“The United States and the European Union have reached a major breakthrough that will address the existential threat of climate change while also protecting American jobs and American industry.” Says Biden.
President Biden and the European Union Commission president reached a deal over steel and aluminum imports.
The deal was reached on Sunday, on the sidelines of the G-20 Summit taking place in Rome this weekend.
During former President Trump’s time in office, he imposed 25 percent tariffs on steel and 10 percent on aluminum from the EU.
Since president Biden took office, he’s been looking to mend the relationship with our EU allies.
“Here’s what this deal does. It immediately removes tariffs on the European Union on a range of US products and lowers the cost to American consumers”
The agreement is set to last for two years.
EU Commission President, Ursula Von Der Leyen, says, “This marks a milestone in the renewed EU-US partnership, and it is our global first in our efforts to achieve the decarbonization of the global steel production and trade.”
President Biden also met with Turkish President Recep Erdogan on Sunday.
Mister Biden told the Turkish leader both countries must better manage disagreements after the partnership between NATO allies was tested by Turkey’s threat to no longer recognize the US envoy and its purchase of a Russian missile defense system.
This G-20 Summit was the first time these groups of leaders got together face to face since the pandemic forced global lockdowns.
They addressed a whole range of issues, and now they’re on to the Cop 26 meeting where they will be focusing solely on climate change. In Rome, Amy Kellogg.