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Life after the elections: Biden’s EU deal may be limited to steel, initially

Elections 121 European Union 774 Materials - Metals/Mining 708 Metals - Aluminum 227 Metals - Steel 480 U.S. 5200

The European Commission has sent a set of proposals for future collaboration to President-elect Biden ranging across trade and environmental policies, including the aim to “solve bilateral trade irritants”. The latter likely includes issues involving aerospace subsidies, steel / aluminum duties, digital taxes and carbon border taxes. The President-elect has stated that he is looking to build consensus with the EU regarding China but is “not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers”. That doesn’t rule out smal...

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