WASHINGTON – United States Trade Representative Katherine Tai sent a letter to the United States International Trade Commission (USITC) requesting an investigation and public report to assess the greenhouse gas (GHG) emissions intensity of steel and aluminum produced in the United States, which will help to inform discussions with the European Union (EU) regarding the Global Arrangement on Sustainable Steel and Aluminum (Global Arrangement).
The United States and the EU have a shared commitment to joint action and deepened cooperation in the steel and aluminum sectors and are taking joint steps to defend workers, industries, and communities from global excess capacity and climate change. These steps include a Global Arrangement to discourage trade in emissions-intensive steel and aluminum products that contribute to global non-market excess capacity from other countries and to ensure that domestic policies support lowering the GHG emissions intensity of these industries.
The United States and the EU will be the initial Members of the Global Arrangement, and will invite like-minded economies to participate in the Global Arrangement and contribute to achieving the goals of restoring market orientation and reducing trade in emissions-intensive steel and aluminum products. The United States and the EU will seek to conclude the negotiations on the Global Arrangement by October 2023.
Resource:
Ambassador Tai's letter to the USITC
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