President Joe Biden on Sunday hailed the joint global sustainable steel arrangement between the United States and European Union that would ease some tariffs on steel and aluminium, and curb “dirty” Chinese steel imports, calling it a “new era of transatlantic cooperation.” In a joint address at a press conference in Rome with European commission President Ursula von der Leyen, Biden called the agreement a “major breakthrough that will address the existential threat of climate change while also protecting American jobs and American industry.” The agreement will immediately remove tariffs on the European Union on a range of U.S. products that were enacted during former President Donald Trump’s administration, and lower costs to American consumers. It will also ensure “a strong and competitive U.S. steel industry for decades to come” while protecting workers and industry by creating “good-paying union jobs at home,” Biden said. Biden also said the new agreement would “lift up U.S. aluminum and steel” and “incentivize …