Investing.com investing.com 11 Jan, 2021 20:00 am

EU Looks Past Trump to Defuse Transatlantic Trade Conflict By Bloomberg

EU Looks Past Trump to Defuse Transatlantic Trade Conflict By Bloomberg
EU Looks Past Trump to Defuse Transatlantic Trade Conflict

EU Looks Past Trump to Defuse Transatlantic Trade Conflict (Bloomberg) -- The European Union is working on a proposal for the incoming Biden administration on a new trade relationship, including settling a longstanding aircraft dispute that has seen the allies impose tariffs on $11., not just the aircraft dispute, one of the people said.The proposal from the European Commission, the bloc’s executive, would seek to cover the broader trade relationship with the U.The move comes as the EU prepares to move past the presidency of Donald Trump, a period when transatlantic relations plumbed new lows.

While Biden has been silent on the issue, his nominee for Secretary of State, Tony Blinken, has previously called for patching up transatlantic relations and ending Trump’s “artificial trade war” with Europe.and European aircraft subsidies in return for the elimination of tariffs on Boeing and Airbus aircraft as well as an array of unrelated sectors such as wine, olives, tractors and video games that have suffered collateral damage.

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