India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The United States has signalled that it will press the European Union to adopt more “balanced” digital-sector regulations as a precondition for easing steep tariffs on European steel and aluminium. The push was reinforced during talks in Brussels on November 24, where US trade officials linked tariff relief to a review of the EU’s digital rulebook.
The broader July trade understanding envisioned a harmonised 15% customs duty for many goods and the removal of duties on selected strategic items, while leaving other tariff lines — including a 50% US duty on specific European steel and aluminium products — subject to further negotiation. US representatives argued that softer, investment-friendly digital rules in the EU would attract substantial US technology capital and help unlock major investment flows, which some officials estimated could reach as high as $1 trillion.
Brussels, however, has defended its recent measures aimed at strengthening origin checks and raising duties to prevent circumvention, noting these actions are consistent with its trade-defence obligations. EU officials also emphasised the need to safeguard regulatory objectives in areas such as data protection, competition and platform oversight.
Trade analysts caution that coupling tariff normalization with digital-regulatory alignment broadens the negotiation agenda and could complicate progress. Tying sector-specific regulatory reform to tariff outcomes raises political and technical hurdles for both sides, suggesting that a comprehensive agreement will require intensive, cross-sectoral talks before any large-scale tariff rollbacks are feasible.
Also Read : SEC eases greenhouse gas reporting rules US Steel Deal Seen Closing by Merger Deadline After Trump Pivot