STRASBOURG, France (Reuters) – The European Union will concentrate on securing an exemption from U.S. metals tariffs reasonably than frightening a commerce conflict, a senior European Fee official mentioned on Wednesday.
President Donald Trump signed an order final week to impose 25 p.c import duties on metal and 10 p.c on aluminum, however with Canada, Mexico and probably different international locations exempted.
European Fee Vice President Jyrki Katainen advised the European Parliament that each events in Congress, in addition to U.S. enterprise, shared the EU’s perception in commerce guided by worldwide guidelines.
“This isn’t a dispute between Europe and america as such. That’s why the Fee will consider problem-solving, as an alternative of frightening additional issues,” Katainen advised lawmakers in a debate concerning the tariff risk.
“What we need to do is obvious up this mess. I believe there are good the reason why either side will settle for, on the finish of the day, that we don’t want, we don’t need, a commerce conflict. As a substitute we should always consider bettering our buying and selling circumstances.”
Dialogue with america was “intense”, European Commerce Commissioner Cecilia Malmstrom mentioned, including that the basis reason behind issues for metal and aluminum was overcapacity, a subject on which the EU, United States and Japan had been cooperating.
“Sure international locations are utilizing large subsidies and producing in non-market circumstances. The EU and the U.S. ought to and are engaged on this,” she mentioned.
Malmstrom, who held talks with U.S. Commerce Consultant Robert Lighthizer on Saturday, mentioned she had not been given any clear reassurance that the EU could be exempted.
“We’re involved with the U.S. counterpart to acquire extra readability as quickly as potential and we’ve been advised that the USTR will publish very quickly on their web site a extra detailed define of the procedures for the exclusions,” she mentioned.
Reporting by Philip Blenkinsop; Modifying by Robin Pomeroy