Thyssenkrupp, Outokumpu still face tariffs after U.S., EU harvest low-flying fruit

European Union 761 Industrials - Aero/Defense 190 Materials - Metals/Mining 705 Metals - Aluminum 225 Metals - Steel 478 Tariffs 1764 Trade Deals 973 U.S. 5146

The EU and U.S. have signed an agreement to suspend bilateral tariffs applied as part of a dispute over aerospace subsidies for five years. The two will instead tackle “non-market practices of third parties that may harm their respective large civil aircraft industries”, likely to be directed at China’s development of the Comac C919. That resolves just one of several trade irritants between the two, with U.S. section 232 duties on steel and aluminum yet to be resolved. Talks on the steel duties are expected to be completed “before the end of the year” and will “ensure the long-term viabi...

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