International Trade

The European Union is planning to slap an import levy on steel, cement and aluminum produced in countries with lower environmental standards, as it seeks to become a world leader on climate without harming domestic producers.

When President Joe Biden travels to Brussels next month, the European Union and the U.S. will commit to trying to end the trade conflicts that have tainted the transatlantic relationship while also pledging to work together to move past the Covid-19 pandemic.

The Senate voted to move forward on an expansive bill to bolster U.S. economic competitiveness and confront China’s rise.