Germany's new finance minister wants to discuss the possibility of introducing a quota system for European steel exports to the United States as a means of securing exemption from the overall 50% U.
S. duties.
Lars Klingbeil of the Social Democrats (SPD) is the finance minister of the new German government and is on his inaugural visit to the United States this week. Among other things, he will propose a quota system for steel at a meeting with his American counterpart Scott Bessant.
German media quoted Klingbeil as saying that "a certain volume of steel exports can cross the Atlantic without duties or with minor duties. This would be of key interest to the German steel industry, as there are many jobs associated with it, and I will touch on this topic."
He notes that a quota would be an effective tool, and that he will check to what extent the U.
S. government is willing to do this. steps in this direction," Kallanish said in a statement on the website of the public broadcaster ZDF.
Klingbeil stresses that this topic will eventually be discussed at the European level by representatives of the European Commission.
Christian Kel Germany
Kallanish.com
