The chief executive officers of major beer makers are asking US President Joe Biden to suspend aluminum tariffs that have cost the industry more than $1.4 billion since 2018.

A key pipeline delivering Russia’s natural gas to Europe may not return to full capacity after planned maintenance this month, Goldman Sachs Group Inc. said, echoing the concerns of German officials.

Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid reports the Biden administration is close to rolling back some of the trade levies imposed by former President Donald Trump.

Natural gas is the hottest commodity in the world and now rivals oil as the fuel that shapes geopolitics. It’s a key driver of global inflation, posting price jumps that are extreme even by the standards of today’s turbulent markets—some 700% in Europe since the start of last year, pushing the continent to the brink of recession.

Chinese Vice Premier Liu He held a video talk with U.S. Treasury Secretary Janet Yellen Tuesday morning, according to a statement from the Chinese Ministry of Commerce.

President Joe Biden may announce as soon as this week a rollback of some US tariffs on Chinese consumer goods -- as well as a new probe into industrial subsidies that could lead to more duties in strategic areas like technology.