Trump Is Pushing For 10% Cut In Aluminum, Steel Imports From EU
While the US-China trade talks have dominated headlines in the financial press this week, the Wall Street Journal on Tuesday published details from the Trump administration's ongoing trade negotiations with the European Union, which increasingly look like they, too, have arrived at an impasse.
According to WSJ, Trump is pushing the EU to reduce steel and aluminum exports to the US by about 10%, according to several high-ranking EU officials who have apparently chafed at the administration's demands. Officials have gone so far as to declare the measures illegal under World Trade Organization rules.
Negotiations are unfolding rapidly as the EU seeks to extend its temporary exemption from steel and aluminum tariffs that the Trump administration has said will expire June 1.
