U.S. open to changing steel and aluminum tariffs, Greer says
“‘We’ve heard stories of companies that have had to hire extra people for compliance. We’re not trying to have people do so much bean counting they’re not running their company correctly.’”
[Bloomberg News]
EU Parliament reaches deal on U.S. trade pact
“Among difficult items, lawmakers agreed to a clause mandating the European Commission to review the deal six months after its entry into force if the U.S. has not lowered tariffs to a 15 percent baseline level on EU products containing steel, instead of the current 50 percent.”
[Politico]
China to grant zero-tariff access for 53 African nations from May 1
“Beijing had previously granted zero-tariff treatment on 97%–98% of tariff lines for 33 African LDCs, before expanding in 2024 to cover all products originating from African LDCs. The latest decision broadens the arrangement to nearly all African economies that recognise Beijing diplomatically.”
[The Nation]
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