EU delays transatlantic steel sanctions
The EU has delayed by two weeks a threat to impose €300m worth of sanctions on American imports in a dispute over steel tariffs.
The EU had planned to impose tariffs on politically sensitive products - from Florida orange juice to North Carolina textiles - on June 18.
US Undersecretary of Commerce Grant Aldonas has told EU trade officials Washington was ready to admit more European steel without paying penalties.
Some EU steelmakers serve "niche markets" that may be exempted from US duties, Mr Aldonas says, because no American steelmaker produces goods for these markets.
After these concessions the European Commission moved its "retaliation date" back to July 3.
The US deadline for a decision on how many steelmakers will benefit from these concessions is also July 3.
