She argues that a transatlantic agreement on sustainable steel and aluminum could establish a foundation for global climate policy cooperation. However, diverging approaches to climate protection, such as the Carbon Border Adjustment Mechanism (CBAM) and the Inflation Reduction Act (IRA), as well as Section 232 national security tariffs currently pose challenges for negotiations.
The author furthermore emphasizes the critical significance of the 2024 U.S. presidential and congressional elections, highlighting the contrasting perspectives of Republicans and Democrats on climate issues. A shift in political power resulting from these elections could profoundly impact the negotiations for an agreement on sustainable steel and aluminum.
The policy brief is a publication of the Transatlantic Expert Group set up by the Bertelsmann Stiftung and the Bertelsmann Foundation in Washington, D.C.
