ROME — The United States and the European Union on Saturday announced an easing of a trade dispute that started during the TrumpAdministration

On the basis of national security, the previous U.S. administration had imposed 25% tariffs on European steel and 10% on aluminum in June 2018.

After multiple unsuccessful attempts to negotiate a settlement with Trump’s administration, the EU strongly opposed the decision and took it to the World Trade Organization. They imposed sanctions on U.S. exports up to 6.4 Billion Euros ($7.78 Billion). Bourbon whiskey, peanut butter, and orange juice were the EU’s target products.

This amount was first targeted by the EU at 2.8 Billion Euros of U.S. Exports. The EU then stated that the EU would continue to apply the remaining 3.6 Billion euros after three years or after the WTO had reached a favorable result. In a show of good faith, the Biden administration put off this second tranche of tariffs earlier in the year.

“We have agreed to pause our steel & aluminium trade dispute and launch cooperation on a Global Arrangement on Sustainable Steel & Aluminium,” the EU’s trade chief, Valdis Dombrovskis said on Twitter Saturday.

President Joe BidenUrsula von der Leyen (President of European Commission) will make the announcement Sunday, in Rome, Italy. They are there to participate in the G-20 Meeting.

This transatlantic announcement is crucial for the couple’s relationship.

European allies are concerned about the foreign policies of President Biden, following the withdrawal from Afghanistan this summer and controversial agreements with Australia to build nuclear submarines.