President Joe Biden has signed two Presidential Proclamations to extend the European Union's access to U.S. tariff rate quotas (TRQs) for steel and aluminum for two additional years.
This extension, combined with the EU's continued suspension on tariffs on U.S. goods, will give both sides additional time to negotiate a global arrangement that addresses carbon intensity and non-market capacity in the steel and aluminum industries.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.