Biden Gets a $4 Billion Reminder to Patch Trade Ties With Europe

(Bloomberg) — Barely 48 hours after President-elect Joe Biden pledged to “make America respected around the world again,” the European Union was among the first in line to remind him that trans-Atlantic trade relations might be a good place to start.Brussels on Monday agreed to put new tariffs on $4 billion worth of U.S. imports, a move taken with the blessing of the World Trade Organization after the EU won a case in Geneva against illegal subsidies to Boeing Co. It was a counter-punch after the U.S., in a parallel filing against Airbus SE, was allowed to impose tariffs on …read more

Source:: Yahoo Finance

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