US, EU agree to lift punitive steel tariffs: Commerce Dept

US Secretary of Commerce Gina Raimondo speaks to the press during the inaugural US-EU Trade and Technology Council in Pittsburgh, Pennsylvania, on September 29, 2021. (Photo: AFP)

U.S. Commerce Secretary Gina Raimondo has announced that the United States and the European Union agreed on Saturday to lift tariffs on imported steel and aluminum, ending a dispute that has strained their trade ties since former U.S. President Donald Trump imposed the levies three years ago.

"The deal allows limited volumes of EU steel and aluminum to enter the U.S. tariff-free," Raimondo explained.