U.S., EU agree to deal on Trump-era steel, aluminum tariffs, sources say

FILE PHOTO: A member of the Ironworkers Local 7 union installs steel beams on high-rise building under construction during a summer heat wave in Boston, Massachusetts, U.S., June 30, 2021. REUTERS/Brian Snyder/File Photo

WASHINGTON/ROME (Reuters) -The United States and European Union are expected to announce a deal to resolve a long-running trade dispute over U.S. steel and aluminum tariffs this weekend, easing a major transatlantic trade irritant, five people familiar with the agreement said.

Two of the sources said the agreement, details of which were still being finalized, would allow EU countries to export duty free some 3.3 million tons of steel annually to the United States under a tariff-rate quota system.