The United states and the European Union are working towards ending a Trump-era trade conflict as a deal introducing new tariffs aimed at excess steel production from China and other countries is being discussed, writes Alberto Nardelli and Jenny Leonard for Bloomberg. The new measures would have a focus on imports from China that benefit from non-market practices, according to the story. “The agreement would be part of the so-called Global Arrangement on Sustainable Steel and Aluminum that the EU and the Biden administration have been negotiating since 2021,” added the Bloomberg story. Companies in the space include U.S. Steel (X) Nucor (NUE) Century Aluminum (CENX), Alcoa (AA), Cleveland-Cliffs (CLF), and ArcelorMittal (MT).
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