According to a report by the German "Business Daily" on May 11, June 1 is approaching. In order to avoid the escalation of trade frictions between the United States and Europe, the EU is willing to negotiate with the U.S. to exchange U.S. steel import quotas in exchange for a permanent exemption. The EU also The previously announced tariff retaliatory measures will be abandoned. It is reported that the program is currently under consideration, but it is not yet the final plan. The premise is that the restriction on "import quotas" should be loose enough to cause no apparent damage to European steel producers. The US has not made any statement on this. In addition, the proposal is best proposed by the United States, otherwise the agreement reached is inconsistent with the WTO rules.

According to reports, the U.S. president tried to protect domestic steel and aluminum companies from foreign competition through tariffs, and Economy Secretary Ross demanded that his trading partners limit exports to the United States in exchange for tariff exemptions. For example, Argentina’s quota is 135% of the average import volume in the last three years (the exact amount in the past three years is very low), Brazil’s transfer to the US Steel is required to reduce by 20%, and South Korea will have to reduce by 30% on the basis of 2017. The EU will export about 5 million tons of U.S. steel to the US in 2017 and will certainly not agree to such a vigorous quota limit. So far, the EU has categorically refused to set export restrictions voluntarily, because this obviously violates the WTO rules. Even if the U.S. unilateral quota restrictions are not in conformity with the WTO rules, the EU said it will take countermeasures at the WTO. However, if it is an extremely liberal quota limit, the EU may abandon retaliatory measures because these retaliatory measures are not supported by the WTO dispute settlement agency's jurisprudence, and the basis is not sufficient.