President Joe Biden’s administration announced a deal with the European Union on steel tariffs that could provide relief to Wisconsin manufacturers that use steel, according to a report from the Milwaukee Business Journal. The U.S. and the EU have agreed to end a dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018. However, it will allow “limited volumes” of EU-produced metals into the United States duty-free. In return, the EU will drop the retail tariffs it threatened to assess starting in December against high-profile American industries as a retaliatory move. The agreement would allow Harley-Davidson Inc. to avoid a total tariff rate of 56% in Europe.
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