The U.S. and European Union reached an agreement Tuesday to bring an end to the long-running dispute over aircraft subsidies as well as a five-year suspension of retaliatory tariffs that impact agricultural trade.
President Joe Biden heads to Brussels for meetings this week with European Union for discussions likely to touch on ongoing trade disputes, while Agriculture Secretary Tom Vilsack heads to Capitol Hill to face questioning about his policy plans.
U.S. Trade Representative Katherine Tai is heading to Brussels for a summit hosted by the European Council next week and says she’s optimistic ahead of expected “intense negotiations” to end two disputes with the European Union as well as work with European allies to address trade challenges from China.
The U.S. and European Union are working to smooth out trade differences when it comes to aviation and steel, but the U.S. dairy sector says a proposed European overhaul to the health certificates it requires for imports is a major threat to American exports.
U.S. Trade Representative Katherine Tai spoke with China’s top trade official Wednesday night in an “introductory virtual meeting” as the Chinese continue to make big purchases of U.S. agricultural commodities and the U.S. farm sector counts on strong trade to continue.
U.S. Trade Representative Katherine Tai announced Tuesday that the U.S. is requesting a dispute panel to challenge Canada’s operation of dairy tariff-rate quotas that it agreed to under the U.S.-Mexico-Canada Agreement.