EU, U.S. Reach Truce on Steel, Aluminum Tariffs

The transcript discusses the US-EU trade relations, focusing on tariffs on products like jeans and whiskey. The European Union has decided not to increase tariffs as a goodwill gesture before President Biden's European tour. The discussion also covers the issue of steel overcapacity and the potential removal of tariffs. The mood between the US and EU is more positive compared to the previous year, with hopes for more predictable and clear trade negotiations, moving away from the unpredictable politics of the Trump administration.

What are the implications of the US not signaling a full removal of tariffs on the European side?

How has the political climate changed regarding tariffs compared to the previous administration?