By Peter Bachmann
USA Rice
Yesterday, President Biden’s U.S. Trade Representative (USTR) Katherine Tai and Secretary of Commerce Gina Raimondo announced with their European counterpart, European Commission Executive Vice President Valdis Dombrovskis, that they are officially working towards an agreement to repeal the Section 232 tariffs on U.S. and European products.
The announcement comes just weeks before the three-year anniversary of the tariffs being imposed.