The US government may announce early next week that a truce has been reached with the European Union on import tariffs on steel and aluminium. This was reported by news agency Bloomberg on Saturday based on Insiders.
The deal could be announced on Monday at the earliest, the sources say.
Bloomberg reported in February that the EU wanted to freeze import sanctions on certain goods by six months in a long-term agreement with the US.
Since 2018, import tariffs have been applied to European steel and aluminium and American products such as jeans, motorcycles and bourbon. Last summer, Brussels and Washington announced a slight relaxation.
The goal is that the import tariffs will eventually be lifted altogether, but that is not yet the case, Bloomberg quoted his sources.