United States to review trade tariffs for the EU

The United States will review its policy on import duty on products from the European Union. White House spokesman Pierre-Zen said on Friday that trade rates were high on the agenda.

Earlier, the EU called on President Joe Biden’s government to immediately raise tariffs on steel and aluminum imports. Work should also be done to resolve the ongoing conflict between the economic power camps over air subsidies.

It is about the 16-year conflict between the United States and the European Union. Washington has accused European countries of favoring Airbus with loans. In turn, the EU believes Boeing has favored favorable tax rules. In response to this controversy, additional trade fees were imposed on both sides. These were again approved by the World Trade Organization.

Many EU member states want to strengthen ties with the United States with Biden’s arrival. It should also put an end to the problems caused by the taxes imposed by former President Donald Trump.