The EU must loosen tech regulations if it wants the US to lower tariffs on its steel and aluminium, commerce secretary Howard Lutnick said on Monday.
He told reporters during a visit to Brussels that the bloc must reduce controls on digital companies if it wanted exemptions to the 50 per cent levies the US imposes on EU metals.
“If they can come up with a balanced approach [to technology regulation] then we will, together with them, handle the steel and aluminium issues and bring that on together. So that is on the table,” Lutnick said.
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