Is this the end of a trade war between the European Union and the United States? “It is in any case a real symbol. It’s a temporarily buried hatchet. Today, Ursula von der Leyen and Joe Biden have agreed to end, for at least four months, the trade sanctions inherited from the long war between Airbus and Boeing which dates back to 2004. It has been 17 years since the two aeronautical groups accuse each other of receiving illegal state aid”, Says journalist Loïc de la Mornais live of Washington (United States).
The WTO (the World Trade Organization) had alternately authorized the United States, then Europe, to apply sanctions that did not affect only aeronautical products. “Donald Trump, for example, had raised the surcharges on French wines, which here are taxed at 25%. Joe Biden wants to rekindle the transatlantic relationship. Everyone applauds that, but beware, he’s still an American president who will still put the United States first.”, Warns the journalist.
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