Simultaneously, the EU and the US should agree on a Global Sustainable Steel and Aluminium Arrangement that is compliant with World Trade Organization (WTO) rules and maintain the possibility of including like-minded countries in the initiative. The ongoing conversations should serve as a stepping stone for cooperation between the EU and the US, encouraging them to develop more resilient supply chains, global standards and fair trade practices in the framework of the Trade and Technology Council (TTC). It should also serve as inspiration to reform the WTO, strengthen existing rules on industrial subsidies and continue working on common challenges such as decarbonisation.
This article was edited on Wednesday, 10 January 2024, as a response to the United States’ decision not extend the suspension of tariffs.

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