Early last year, the United States and the European Union levied import tariffs on one another following Washington’s decision to impose trade protectionist measures on metal imports, but in July, the two sides agreed on cooperation aimed at lowering the trade barriers.
The European Union published on Friday its plan for a “limited” trade deal with the United States, the AFP news agency reports.
“It is not a traditional (trade deal)… it is a limited but important proposal engaged on industrial goods tariffs only,” EU Trade Commissioner Cecilia Malmstrom said.
This comes after EU Trade Commissioner Cecilia Malmstrom’s 11 January announcement of the EU and the US engaging in talks on a bilateral trade deal seeking to abolish tariffs on industrial goods.
Tensions between Washington and Brussels escalated last year after the EU filed a complaint to the WTO over US metal tariffs, which affected $7.3 billion worth of metal imports from the bloc. The EU responded by imposing duties on $3.3 billion worth of US products, including steel, agricultural products, food staples, vessels, and clothing.
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Sourse: sputniknews.com
