The U.S. and EU have extended the tariff pause on steel and aluminum, avoiding a potential trade war. The truce, set to expire soon, will continue while negotiations on sustainable steel production progress. Critics argue the pause benefits EU exporters but leaves U.S. industries vulnerable. Meanwhile, the Biden administration faces pressure from unions to reinstate protections. China’s overproduction remains a concern, with calls for global solutions. Experts warn unresolved disputes could revive tariffs, impacting inflation and supply chains. The extension signals cooperation but highlights lingering trade tensions. Stakeholders await a long-term deal by 2025.
