EU officials have agreed to join Washington's attempts to protect its industries from low-cost Chinese competition. It is also demanding that Washington take steps against Chinese steel producers on condition that the reintroduction of tariffs imposed on EU steel products in 2018 is avoided.
The move follows the EU's investigation into electric vehicles imported from China and is the second major investigation against China. The EU is also considering investigating the wind turbine sector. These investigations are expected to last up to a year, with the possibility of tariffs at the end.
At a meeting on October 20, EU and US officials plan to announce the Global Sustainable Steel and Aluminum (GSA) against Chinese metal exports that flood the world market and put pressure on their own producers. This agreement would be open to other countries such as the UK and Japan if China agrees to tariffs.
The EU and the US are also preparing to sign a political agreement to put their differences on hold while they continue negotiations on the second part of the GSA, the decarbonization of steel and aluminum production.
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