The US-EU trade meeting scheduled for next month is expected to be postponed until early next year, as the two allies remain deadlocked in talks over steel and critical metals, according to a report.
According to Bloomberg, citing sources familiar with the matter, the Trade and Technology Council was scheduled to meet last month, but was postponed to mid-December, and is currently likely to be held in early 2024.
The delay comes at a time when negotiations on important steel and mineral agreements have stalled, as the United States wants to maintain the status quo in steel and aluminum trade for another two years. while the European Union is looking for a change in the agreements, because it says they are unfair.
The tariffs imposed by the administration of President Donald Trump on European imports of metals sparked a dispute that led to the imposition of duties on up to $10 billion in transatlantic trade, and the two sides reached a temporary truce in 2021, ending at the end of this year.
The EU-US Trade and Technology Council – established on June 15, 2021 – serves as a forum to coordinate global trade, economic and technological issues and to deepen transatlantic relations.