France says ready to discuss metals overcapacity with US once exempted from tariff hikes

"We agree that there is a problem of overcapacity in steel and aluminium. We are ready to work with the USA and other partners to deal with those issues, and to develop fast and appropriate solutions," a joint statement from the finance and foreign ministries said after the United States delayed a decision on imposing tariffs until June 1.

"But we can only do so serenely when we are certain that we will be excluded from a unilateral increase in tariffs on a permanent basis."