U.S. and E.U. End Aviation Trade Spat and Turn to China’s Rise - News Summed Up

U.S. and E.U. End Aviation Trade Spat and Turn to China’s Rise


BRUSSELS — The United States and Europe on Tuesday agreed to put aside a 17-year dispute over aircraft subsidies for Boeing and Airbus and work together to counter China’s global ambitions to dominate key industries. Mr. Biden sees Europe as an ally, not an economic “foe” as former President Donald J. Trump did, and he has pledged to work with the European Union to counter China’s military, economic and technological ambitions. While Mr. Trump also saw the dangers of an unbound China, he did little to try to bring Europe along, instead punishing it with tariffs. Mr. Biden is convinced that, as Asia as a whole grows in population and wealth, the democratic world that believes in the rule of law and multilateral institutions must do more to protect its economies and values. “Europe is our natural partner, and the reason is, we’re committed to the same democratic norms and institutions, and they are increasingly under attack,” Mr. Biden said during remarks in Brussels.


Source: New York Times June 15, 2021 11:16 UTC



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