EU and U.S. Seek Deal on Metals Tariffs and EV Subsidies Ahead of Biden-EU Summit

EU seeks to prevent return of Trump-era metals tariffs and reduce impact of U.S. Inflation Reduction Act subsidies.

U.S. wants EU action against Chinese steel producers in return for avoiding tariff re-imposition.

EU stresses any deal must comply with WTO rules.

U.S. electric vehicle subsidies irk EU due to local content requirements.

EU hopes for critical minerals agreement benefiting EU suppliers at Biden-EU summit.