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Trump leaves Biden with an EU trade time bomb
Duties targeting core American exports such as bourbon are due to double on June 1.
BY JAKOB HANKE VELA AND DOUG PALMER
March 10, 2021 7:00 am
U.S. President Joe Biden wants to reverse his predecessor Donald Trump's trade war with Europe but the transatlantic tariff showdown could be about to get a whole lot worse before it gets better.
On Friday, there were clear signs that Washington was out to patch up differences with old allies when it struck a deal with the EU on a four-month freeze of the tariffs they slapped on each other over subsidies for aerospace giants Boeing and Airbus.
This is hardly an end to transatlantic conflict, however. While the Airbus-Boeing dispute is a long-running sore, Biden's more imminent problem is that there is another hefty tranche of EU duties coming.
Europe’s tariffs imposed in retaliation for Trump's steel and aluminum duties of 2018 are due to more than double on June 1. Those have already thumped prime American exports like bourbon whiskey, jeans, orange juice, tobacco, peanut butter, yachts and Harley-Davidson motorbikes.
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https://www.politico.eu/article/trump-leaves-biden-with-an-eu-trade-time-bomb/
