The US and EU reached an agreement on steel over the weekend

The US and the EU have reached an arrangement for trade in low-carbon steel and aluminium.

• Tariffs were levied on EU steel and aluminium by the previous US administration
• Some tariffs will be maintained but "limited volumes" of EU-produced metals can be brought into the US duty free.

Via Reuters:

• The agreement requires EU steel and aluminum to be entirely produced in the bloc - a standard known as "melted and poured" - to qualify for duty-free status. The provision is aimed at preventing metals from China and non-EU countries from being minimally processed in Europe before export to the United States