US President Joe Biden with French President Emmanuel Macron ahead of the G20 summit in Rome, Italy, October 29, 2021 (Kevin Lamarque/Reuters)

The Biden Administration dismantles part of Donald Trump’s trade wars, agreeing to lift tariffs on steel and aluminum from Europe.

The Administration announced the agreement on Saturday, as President Joe Biden was at the G20 summit in Rome.

Trump’s first shot in his trade war, fired in March 2018, was a 25% duty on steel and 10% on aluminum, including against American allies such as the European Union, Canada, Mexico, Japan, and South Korea.

The EU will now be permitted to send a set amount of steel and aluminum each year duty-free into the US. The White House did not announce the amount or the level of duties on imports above the limit.

US Trade Representative Katherine Tai told reporters, “Today’s announcement delivers on President Biden’s vision to turn the page on past disputes and begin a new chapter of enhanced trans-Atlantic relations.

EU Trade Commissioner Valdis Dombrovskis said the deal is a “pause” in the dispute. He added that Biden and European Commission President Ursula von der Leyen will announce more details on Sunday.

The US and EU agreed on a long-term plan over China’s excess steel production, and to put pressure on exporters of carbon-intensive steel.

National Security Adviser Jake Sullivan declared, “Not only does today’s deal remove one of the largest bilateral irritants in the U.S.-EU relationship, it actually transforms it into a joint forward progress on two central challenges.”