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EU to host U.S., Japan on steel as U.S. tariffs loom

Reuters  |  BRUSSELS 

(Reuters) - Cecilia will host her U.S. and Japanese counterparts in on Saturday, with impending U.S. tariffs on set to dominate talks.

The three blocs promised during a Trade Organization meeting in in December to work together to fight policies that have fuelled overcapacity, naming several key features of China's economic system.

Overcapacity remains the main agenda item for Saturday, when will host Japanese and U.S. Trade

"It's a continuation of the trilateral overcapacity talks that were kicked off in It's been planned for several weeks," a Commission said on Thursday.

But U.S. is expected to sign on Thursday or Friday a proclamation to establish tariffs on and aluminium imports..

The commission said Saturday now offered "the big opportunity" to broach the issue "and to have a frank talk with Lighthizer about what's been going on on their side and to reiterate what the counter-measures from us would be."

The EU has said that global import tariffs are not the right answer to the sector's problems, which it says are mainly down to overcapacity.

"It's changed the circumstances of that meeting quite significantly of course since it was scheduled... The way forward for this trilateral cooperation has been in doubt given the last week's developments," the added.

(Reporting by Philip Blenkinsop; editing by John Stonestreet)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 16:59 IST