According to Politico on October 12th, the European Union and the United States are planning to work together to establish a common tariff zone, aiming to impose tariffs on steel and aluminum imported from economies such as China. Sources said that this is a proposal from the European Commission based on the EU-US agreement, under which they will impose a 25% tax on steel and a 10% tax on aluminum. The US and the EU are in the final stages of negotiations on this "club for the world" to resolve the transatlantic steel and aluminum dispute.
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