According to an official press release, U.S. Secretary of Commerce Gina M. Raimondo and U.S. Trade Representative Katherine Tai made the announcement on Friday.
 
The consultations are intended to not only address global excess capacity, but to take measures to ensure the long-term viability of both countries’ steel and aluminum industries and to identify ways to strengthen their democratic alliance.
 
The secretary and ambassador expressed concerns about the impact of global non-market excess capacity driven largely by China, saying that these consultations “present an opportunity to promote high standards, address shared concerns, including climate change, and hold countries like China that support trade-distorting non-market policies and practices to account.”
 
Read the official press release here.