USTR Tai Says Low-Carbon Steel Deal With EU ‘Requires’ More Participants

The global sustainable steel arrangement, announced by the U.S. and European Union last year, will need additional “leading countries and economies” to participate to ensure it is a “durable” and a high-standard deal that will be an example for the world, U.S. Trade Representative Katherine Tai said March 22. In October 2021, the U.S. and EU announced their plans to establish a global consortium of like-minded partners that would tackle steel and aluminum overcapacity and spur decarbonization of the two...