EU WTO ROUND UP – PEACE BREAKS OUT IN TRANSATLANTIC FOOD AND DRINK TRADE WAR

PEACE appears to be breaking out between the European Union (EU) and the UK on one side the USA over an aircraft subsidy-prompted trade war that had led to billions of dollars of duties being levied on food and drink exported between these countries. With President Joe Biden adopting a more accommodating approach to US allies than his more aggressive predecessor Donald Trump, these tariffs have now been suspended by Washington, Brussels and London for four months while the parties strike a deal over aircraft spending. The duties had hit trades in sensitive ...


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