US, EU reach agreement to settle rift over Trump-era tariffs
The U.S. and European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit.
E.U., U.S. agree to suspend tariffs over Airbus-Boeing dispute
In a sign of goodwill to rebuild trans-Atlantic relations, the European Union and the United States have decided to suspend tariffs used in the longstanding Airbus-Boeing dispute.
European Union puts tariffs on U.S. but hopes for change with Biden
The move comes a year after the World Trade Organization authorized the United States to slap penalties on EU goods worth.
After brief trade truce, U.S. slaps levy on Canadian aluminum
Trump accuses Canada of flooding the U.S. market with its raw, unprocessed aluminum. Critics of the tariffs counter that a jump in Canadian raw aluminum shipments to the United States is within historical norms and reflects stepped-up production from a…
The Trump administration plans to carry on with its confrontational approach to world trade, pressuring other countries to lower their tariffs on U.S. products and perhaps making it harder for imports to enter the United States duty free.
So far, the job losses created by putting these steel-using industries at risk appear to be substantial, and well in excess of any jobs that may have emerged in the steel-production industry as a result of the tariffs.
Agriculture incomes would have shown no growth in 2019 but for massive and unprecedented federal assistance.
The deal offers massive export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets but leaves Washington's fundamental differences with Beijing unresolved.
President Donald Trump and China's chief negotiator are scheduled to sign a modest trade agreement in which the administration will ease some sanctions on China and Beijing will step up its purchases of U.S. farm products and other goods.
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